Economic Impact of HIT-Financed Projects in St. Louis

In 2023 Dollars, Since Inception*

  • Projects

  • $M

    HIT Investment Amount

  • $M

    Total Development Cost

  • M

    Hours of Union Construction Work

  • Housing Units Created or Preserved

  • $B

    Total Economic Impact

  • Total Jobs Across Industries

  • $B

    Total Wages and Benefits

  • $M

    State and Local Tax Revenue Generated

  • %

    Percent Affordable


St. Louis Investments
Covenant Place II The AFL-CIO Housing Investment Trust (HIT) is helping to finance the $24.5 million construction of Covenant Place II, a 102-unit, affordable senior apartment project loca... View
Fountains of Ellisville The Fountains of Ellisville is the construction of a four-story, 69-unit expansion of an existing 160-unit senior apartment community built in 2004. View
Holy Infant and St. Joseph Holy Infant Apartments and St. Joseph Apartments are two residential developments for low-income seniors located in Shrewsbury, Missouri, just outside St. Louis. View
Laurel The Laurel project was the $175 million conversion of a historic building in downtown St. Louis into a new mixed-use facility that serves as a cornerstone for the city’s ... View

We appreciate the HIT’s ongoing support of union construction for multifamily and senior housing projects in the St. Louis metro area and recognize the benefits provided to the workers and the community.”

—John Stiffler, Executive Secretary Treasurer, St. Louis Building and Construction Trades Council

*Job and economic impact figures are estimates calculated using IMPLAN, an input-output model, based on HIT and HIT subsidiary Building America CDE, Inc. project data. Data is current as of March 31, 2024. Economic impact data is in 2023 dollars and all other figures are nominal.

Investors should consider the HIT’s investment objectives, risks and expenses carefully before investing. Investors may view the HIT’s current prospectus, which contains more complete information, on its website at and may obtain a copy from the HIT by calling the Marketing and Investor Relations Department at 202-331-8055. Investors should read the current prospectus carefully before investing.