VIDEO TRANSCRIPT JAN 10, 2025 (60 seconds)
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Residences @ 150 Bagley project
Jimmy Vaughan, Business Agent, Plumbers and Gasfitters Local 12:
What HIT is doing is a win-win for everybody involved.
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617 Projects Nationwide
Kate Bennett, Former CEO, Boston Housing Authority:
They’re investing in projects that have a greater purpose.
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130,433 Units of Housing
67% Affordable Housing
Chris Coleman, AFL-CIO HIT, Chair, Board of Trustees:
The dollars that the workers on these projects are earning get reinvested.
Alex Zurek, Sec. Treasurer, Michigan Labor District Council:
That money falls back into the AFL HIT programs, and then they invest in our local communities and put our people to work.
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$48.2 Billion Total Economic Impacts
Liz Shuler, President, AFL-CIO:
We can create jobs, and we can actually revitalize a whole community.
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95 St. Alphonsus Street Apartments project
Byron Osbern, Business Representative, IBEW Local 58:
The HIT Fund is our members’ money in action.
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HIT’s IBEW Investment Impact
15,926 jobs
32.0M Hours On-site Work for IBEW Members
Lou Antonellis, Business Manager, IBEW, Local 103:
We could take a sigh of relief knowing that HIT’s projects are 100% union.
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HIT PROJECTS IN CONSTRUCTION/COMMITTED
AS OF DECEMBER 31, 2024
California
2 Projects Under Construction
0.8M Hours of Union Construction Work
$35.2M Invested or Allocated
Hawaii
1 Project Under Construction
1.1M Hours of Union Construction Work
$60.6M Invested or Allocated
Illinois
11 Projects Under Construction
5.4M Hours of Union Construction Work
$243.3M Invested or Allocated
Massachusetts
8 Projects Under Construction
5.2M Hours of Union Construction Work
$170.1M Invested or Allocated
Michigan
1 Project Under Construction
0.7M Hours of Union Construction Work
$42.3M Invested or Allocated
Minnesota
7 Projects Under Construction
2.5M Hours of Union Construction Work
$195.6M Invested or Allocated
Nevada
1 Project Under Construction
0.3M Hours of Union Construction Work
$28.3M Invested or Allocated
New Jersey
2 Projects Under Construction
4.4M Hours of Union Construction Work
$61.0M Invested or Allocated
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New York
1 Project Under Construction
2.0M Hours of Union Construction Work
$50.0M Invested or Allocated
Ohio
1 Project Under Construction
0.3M Hours of Union Construction Work
$8.0M Invested or Allocated
Pennsylvania
3 Projects Under Construction
1.4M Hours of Union Construction Work
$28.0M Invested or Allocated
Wisconsin
1 Project Under Construction
1.5M Hours of Union Construction Work
$104.7M Invested or Allocated
Chris Coleman:
So really, the map for the future for any community, when they partner with Housing Investment Trust, it’s a map of growth, it’s
a map of future success of your city.
HIT’s National Impact:
617 Projects
$11.1 Billion Invested Capital
210.4 Million Hours of Union Construction Work
240,484 Jobs Across Communities
130,433 Units of Housing (67% Affordable)
$48.2 Billion Total Economic Impacts
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AFL-CIO Housing Investment Trust
Competitive Returns | Union Construction Jobs | Housing Finance
Job and economic impact figures are estimates calculated using IMPLAN, an input-output model, based on HIT and subsidiary Building America CDE, Inc. project data. Data is since inception, current as of December 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 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.
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