 |
HIT’s Michigan Impact Investing (Since Inception – 12/31/24) |
| 16 | $158.3M | $266.9M | 2.6M | 2,336 |
$877.0M |
||
| Projects | Invested
or Allocated |
Total Development Cost |
Hours
of Union Construction Work |
Units
of Housing (57% affordable) |
Total
Economic Impact |
| Project Name | City | Total Units |
Affordable Units |
Invested/ Allocated (in MM) |
Total Development Cost | |
| Windemere Park Apartments | Ann Arbor | 480 | 96 | $26,374,000 | $29,011,400 | |
| Anglin Extended Care | Detroit | 180 | 180 | $5,197,400 | $5,717,140 | |
| Detroit Home Repair Program | Detroit | 4 | 4 | $246,000 | $430,490 | |
| Detroit Home Repair Program 2 | Detroit | 5 | 5 | $660,114 | $694,857 | |
| Detroit Manufacturing Systems | Detroit | - | - | $8,500,000 | $36,928,000 | |
| Freelon at Sugar Hill | Detroit | 68 | 20 | $14,500,000 | $35,080,214 | |
| Historic New Center Apts. | Detroit | 104 | 20 | $2,040,000 | $2,244,000 | |
| Lafayette East | Detroit | 480 | 480 | $13,714,100 | $15,237,889 | |
| Residences @ 150 Bagley Apts. | Detroit | 148 | 30 | $42,312,400 | $72,990,473 | |
| The School at Marygrove | Detroit | - | - | $8,000,000 | $27,687,449 | |
| Arbor Woods Mobile Home Park | Farmington Hills | 214 | 214 | $3,627,300 | $3,990,030 | |
| Village Green on Lake St. Clair | Macomb | 222 | 44 | $10,340,900 | $11,374,990 | |
| Wexford Townhouses of Novi | Novi | 128 | 26 | $8,846,400 | $9,731,040 | |
| American House at Carpenter | Pittsfield Township | 102 | 20 | $5,641,300 | $6,205,430 | |
| Beechwood Manor Home for the Aged | St. Clair Shores | 98 | 98 | $3,042,200 | $3,346,420 | |
| Westland Board & Care | Westland | 103 | 103 | $5,265,000 | $6,194,118 | |
| Grand Total | 2,336 | 1,340 | $158,307,114 | $266,863,940 | ||
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 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.
The projects shown on this handout may not reflect HIT’s current portfolio for any or all of the following reasons: (i) the assets related to the project(s) shown on this table may no longer be held in the HIT’s current portfolio; (ii) other assets in the HIT’s current portfolio may have characteristics different from those shown on this table; and (iii) this table is not a complete list of all the projects financed by the HIT as of the date of this report. A complete list of the HIT’s portfolio holdings as of the most recently disclosed month-end is available upon request or on its website at aflcio-hit.com.
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1227
25th Street, NW Suite 500 | Washington, DC 20037 | 202.331.8055 www.aflcio-hit.com |
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