Economic Impact of HIT-Financed Projects in St. Louis

In 2019 Dollars, Since Inception*

  • Projects

  • $M

    HIT Investment Amount

  • $M

    Total Development Cost

  • Housing Units Created or Preserved

  • M

    Hours of Union Construction Work

  • Total Jobs Across Industries

  • $M

    Total Wages and Benefits

  • $.0M

    State and Local Tax Revenue Generated

  • $B

    Total Economic Impact

  • %

    Percent Affordable

HIT @ WORK IN ST. LOUIS

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
Park Pacific Apartments The $98.3 million Park Pacific project is the redevelopment of the former Missouri Pacific/Union Pacific headquarters building in St. Louis into a mixed-use development f... 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 June 30, 2020. Economic impact data is in 2019 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 www.aflcio-hit.com and may obtain a copy from the HIT by calling the Marketing and Investor Relations Department collect at 202-331-8055. Investors should read the current prospectus carefully before investing.