AFL-CIO Housing Investment Trust
02/02/2023 | Press release | Distributed by Public on 02/02/2023 09:33
Prospectus by Investment Company - Form 497
| 83 | $2.1B | 29.4M | 45,963 | $6.4B |
| Projects |
Invested or Allocated |
Hours of Union Construction Work |
Units of Housing (91% affordable) |
Total Economic Impact |
| Total | Affordable | Invested/ | ||
| City/Project | Units | Units | Allocated | TDC |
| Bronx | ||||
| 1490 Southern Boulevard | 115 | 115 | $35,000,000 | $59,120,711 |
| Academy Gardens | 469 | 469 | $64,800,000 | $64,800,000 |
| Amalgamated Housing Cooperative | 1,486 | 1,486 | $13,000,000 | $13,000,000 |
| Betances Residence | 152 | 152 | $52,000,000 | $98,000,000 |
| Bronx Center for Rehab & Healthcare | 200 | 200 | $12,192,100 | $18,200,000 |
| Daly Avenue Apartments | 84 | 42 | $2,890,000 | $15,940,100 |
| Eastchester Rehab & Healthcare | 200 | 200 | $9,974,900 | $11,470,000 |
| HDC Mitchell-Lama Pool: Kingsbridge Arms | 105 | 105 | $658,119 | $3,570,000 |
| HDC Mitchell-Lama Pool: Scott Tower | 352 | 352 | $2,405,108 | $13,270,000 |
| HDC Mitchell-Lama Pool: Woodstock Terrace | 319 | 319 | $1,936,773 | $10,391,000 |
| Mount Hope | 497 | 497 | $2,875,000 | $31,170,000 |
| Sebco I | 182 | 182 | $12,846,000 | $12,846,000 |
| Sebco II | 179 | 179 | $12,307,000 | $12,307,000 |
| Stevenson Commons | 379 | 379 | $980,000 | $60,860,000 |
| Workmen's Circle | - | - | $51,706,100 | $66,000,000 |
| Workmen's Circle (Increase) | 524 | 524 | $14,600,000 | $14,600,000 |
| Workmen's Circle (2008) | - | - | $5,507,900 | $5,507,900 |
| Brooklyn | ||||
| 33 Bond Street (2016 Bonds) | 144 | 144 | $18,300,000 | $54,320,000 |
| 33 Bond Street (2017 Bonds) | 491 | - | $20,000,000 | $287,120,000 |
| Amalgamated Warbasse Houses | 2,583 | 2,583 | $33,393,400 | $37,103,778 |
| Amalgamated Warbasse Houses (2003) | 2,583 | 2,583 | $10,300,000 | $10,300,000 |
| Amalgamated Warbasse Houses (2013) | 2,583 | 2,583 | $89,000,000 | $89,000,000 |
| Bedford Gardens | 647 | 647 | $39,201,800 | $39,201,800 |
| Brooklyn Crossing (18 Sixth Avenue at Pacific Park) | 858 | 257 | $100,000,000 | $710,000,000 |
| Harry Silver Housing Corporation | 288 | 288 | $8,000,000 | $8,000,000 |
| Haym Salomon Nursing Home | 240 | 240 | $30,509,300 | $33,787,426 |
| Mitchell-Lama Pool: Cadman Tower | 422 | 422 | $8,051,087 | $8,051,087 |
| Mohawk Hotel/ Mohawk Apartments | 86 | 17 | $6,759,401 | $7,435,341 |
| NYCHA Bonds: The Bay View | 1,610 | 1,610 | $5,275,446 | $60,973,580 |
| NYCHA Bonds: The Boulevard | 1,423 | 1,423 | $9,615,000 | $12,500,000 |
| Buffalo | ||||
| Northland Central | - | - | $9,000,000 | $110,590,381 |
| Roswell Park Cancer Institute Clinical Sciences Center | - | - | $9,200,000 | $46,380,142 |
| Kingston | ||||
| Hudson River Valley Care Center | 280 | 56 | $41,094,000 | $48,700,000 |
| Long Island | ||||
| Glengariff | 262 | 262 | $3,717,605 | $4,089,366 |
| Larkfield Gardens Adult Homes | 200 | 200 | $20,599,900 | $22,659,890 |
| Middletown Park Manor Nursing Rehabilitation and Health Care Center | 250 | 250 | $9,134,000 | $10,047,400 |
| Park Avenue Extended care | 240 | 48 | $25,665,400 | $28,517,111 |
| Spruce Pond Apartments | 225 | 45 | $23,001,800 | $25,557,556 |
| Townhouse Extended Care | 280 | 280 | $27,335,601 | $30,116,300 |
| continued |
HIT's New York Impact Investing (Inception - December 31, 2022), continued
| City/Project |
Total Units |
Affordable Units |
Invested/ Allocated |
TDC | |||
| Manhattan | |||||||
| 311 West 42nd Street | 330 | 83 | $50,000,000 | $337,700,000 | |||
| 33 West End Apartment | 211 | 100 | $14,000,000 | $68,000,000 | |||
| 475 9th Avenue (Hudson Crossing) | 259 | 51 | $10,000,000 | $73,900,000 | |||
| 606 West 57th St. (2016 Bonds) | 206 | 206 | $31,000,000 | $108,742,105 | |||
| 606 West 57th St. (2017 Bonds) | 476 | 20 | $20,000,000 | $275,384,620 | |||
| 606 West 57th St. (2018 Bonds) | 266 | 32 | $30,000,000 | $153,157,894 | |||
| CUNY Graduate Center Housing | 77 | 12 | $9,832,000 | $28,766,797 | |||
| Gateway Plaza | 1,712 | 1,712 | $38,141,700 | $38,141,700 | |||
| General Chauncey M. Hooper Tower | 75 | 75 | $5,575,200 | $5,575,200 | |||
| Lands End II | 490 | 488 | $90,000,000 | $175,000,000 | |||
| Logan Plaza Apartments | 130 | 26 | $8,560,000 | $10,700,000 | |||
| Lower East Side Apartments | 152 | 151 | $22,120,000 | $22,120,000 | |||
| Manhattan West (West End Towers) | 143 | 28 | $23,000,000 | $25,300,000 | |||
| Mannie Wilson | 102 | 102 | $16,400,000 | $16,400,000 | |||
| Mitchell-Lama Pool: East Midtown Plaza | 746 | 746 | $5,951,632 | $5,951,632 | |||
| Mitchell-Lama Pool: Ruppert House Coop | 652 | 652 | $5,829,209 | $5,829,209 | |||
| Mitchell-Lama Pool: Tower West | 217 | 217 | $1,139,647 | $1,139,647 | |||
| New York Presbyterian Hospital | - | - | $40,000,000 | $71,680,000 | |||
| Penn South Cooperative | 2,820 | 2,820 | $33,000,000 | $33,000,000 | |||
| Penn South Cooperative (2011) | 2,820 | 2,820 | $134,000,000 | $151,000,000 | |||
| Penn South Cooperative (2017) | 2,820 | 2,820 | $55,000,000 | $191,000,000 | |||
| Penn South Cooperative (supplemental) | - | - | $45,000,000 | $45,000,000 | |||
| Seward Park Cooperative | 1,728 | 1,728 | $20,200,000 | $20,200,000 | |||
| The Dempsey | 80 | 80 | $15,000,000 | $26,363,400 | |||
| The Douglass - Building C | 70 | 70 | $9,500,000 | $31,200,759 | |||
| The Ludlow | 243 | 62 | $75,058,000 | $75,058,000 | |||
| The Renaissance | 241 | 180 | $12,500,000 | $28,000,000 | |||
| West 135th Street (LIHTC Cluster) | 110 | 110 | $3,800,000 | $3,800,000 | |||
| West Village Houses | 420 | 420 | $40,000,000 | $42,000,000 | |||
| Queens | |||||||
| Big Six Towers | 983 | 983 | $7,760,000 | $11,600,000 | |||
| City Lights - Queens West | 522 | 104 | $85,621,900 | $95,135,444 | |||
| Electchester Housing Companies | 2,399 | 2,399 | $49,000,000 | $49,000,000 | |||
| Elmhurst Care Center | 240 | 240 | $29,885,253 | $35,159,121 | |||
| Flushing Manor Geriatric Center | 299 | 299 | $33,889,136 | $39,869,572 | |||
| Hunter's Point South - Building A | 619 | 619 | $8,265,000 | $232,950,050 | |||
| Hunter's Point South B | 306 | 306 | $5,000,000 | $16,025,000 | |||
| Joseph P. Addabbo Family Health Center | - | - | $8,000,000 | $23,420,528 | |||
| Mitchell-Lama Pool: Goodwill Terrace | 208 | 208 | $1,028,425 | $1,028,425 | |||
| Queens Boulevard Extended Care | 280 | 280 | $28,902,700 | $31,792,970 | |||
| Queens Family Courthouse ( Moda) | 346 | 166 | $10,000,000 | $165,303,344 | |||
| The Gateway Apartment | 365 | 365 | $10,000,000 | $36,019,000 | |||
| Staten Island | |||||||
| NYCHA Bonds: The Stapleton | 693 | 693 | $6,414,554 | $29,621,000 | |||
| Yonkers | |||||||
| Elizabeth Seton Pediatric Center | 137 | 137 | $100,000,000 | $115,557,020 | |||
| Elizabeth Seton Pediatric Center II | 32 | 32 | $18,300,000 | $21,130,584 |
|
The projects shown on this table 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. 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 December 31, 2022. Economic impact data is in 2021 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. |