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

  • $M

    State and Local Tax Revenue Generated

  • $B

    Total Economic Impact

  • %

    Percent Affordable


St. Louis Investments
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
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
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
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
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

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 subsidiary Building America project data. The data is current as of March 31, 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. A prospectus containing more complete information may be obtained from the HIT by calling the Marketing and Investor Relations Department collect at 202-331-8055 or by viewing the HIT’s website at The prospectus should be read carefully before investing.