Twin Cities

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Economic Impact of HIT-Financed Projects in the Twin Cities

In 2025 Dollars, Since Inception*

Projects
$B

HIT Investment Amount
$.0M

Building America NMTC Allocation
$B

Total Development Cost
Housing Units Created or Preserved
(51% affordable)

$B

Total Economic Impact
M

Hours of Union Construction Work
$B

Total Wages and Benefits
Total Jobs Across Industries
$M

State and Local Tax Revenue Generated

HIT @ WORK IN TWIN CITIES

Twin Cities Investments

Peregrine Apartments The AFL-CIO Housing Investment Trust (HIT) is helping to finance the $55.7 million new construction of Peregrine Apartments in Minneapolis, MN. Located along the Mississi... View

Zvago Cooperative at Lake Superi... The four-story project will create 51 new units of senior housing overlooking Lake Superior. View

Elevate at Southwest Station Elevate at Southwest Station, developed by Timberland Partners, will feature 222 units of both affordable and market-rate housing, more than 13,000 square feet of restaur... View

These HIT-funded projects really help us provide multifamily housing. We have been faced with an affordable housing crisis just like many places, so the more we can build the better it will be for working families. And it seems the HIT is always there to help us out.”
—Dan McConnell, Business Manager, Minneapolis Building and Construction Trades Council

*Includes projects receiving NMTC allocations by HIT subsidiary Building America CDE, Inc. Job and economic impact figures are estimates calculated using IMPLAN, an input-output model, based on HIT and Building America project data. Data is current as of March 31, 2026. Economic impact data is in 2025 dollars and all other figures are nominal. Building America is a portfolio investment of the HIT but, unless otherwise noted, its underlying projects are not held in the HIT’s portfolio.

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 at 202-331-8055. Investors should read the current prospectus carefully before investing.