08/16/2022 | Press release | Distributed by Public on 08/16/2022 10:27
Projects Under Construction as of July 31, 2022 |
|
Commitment/ Construction Start |
HIT Projects | City | State |
Total Units |
Affordable Units |
Union Construction Hours |
HIT Commitment |
Total Development Cost |
|
3Q 2019 | The Block at 803 Waimanu | Honolulu | HI | 153 | 134 | 375,700 | $17,137,500 | $54,228,601 | |
3Q 2019 | Old Colony Phase Three A | Boston | MA | 135 | 135 | 511,510 | $47,880,000 | $64,040,973 | |
4Q 2019 | Cote Village | Boston | MA | 76 | 76 | 415,960 | $20,116,000 | $49,049,428 | |
4Q 2019 | Sundance at Settler's Ridge | Woodbury | MN | 218 | - | 544,190 | $53,545,900 | $69,580,136 | |
4Q 2019 | Brooklyn Crossing (18 Sixth Avenue at Pacific Park) | Brooklyn | NY | 858 | 257 | 3,881,830 | $100,000,000 | $710,000,000 | |
2Q 2020 | Wrigleyville North Apartments | Chicago | IL | 120 | 8 | 289,900 | $34,982,300 | $40,912,471 | |
3Q 2020 | Northpoint Apartments | Chicago | IL | 304 | 304 | 226,220 | $68,984,000 | $86,804,801 | |
3Q 2020 | Old Colony Phase Three B4 & B9 | Boston | MA | 115 | 115 | 486,320 | $42,449,000 | $61,054,733 | |
3Q 2020 | Old Colony Phase Three C | Boston | MA | 55 | 55 | 198,030 | $36,430,000 | $26,506,507 | |
4Q 2020 | Zvago Cooperative at Stillwater | Stillwater | MN | 48 | - | 192,200 | $15,825,900 | $22,400,354 | |
4Q 2020 | Ventana Residences (99 Ocean) | San Francisco | CA | 193 | 48 | 805,240 | $52,000,000 | $121,934,463 | |
4Q 2020 | Carl Mackley Houses | Philadelphia | PA | 184 | 184 | 262,640 | $13,800,000 | $36,876,137 | |
4Q 2020 | Residences @ 150 Bagley | Detroit | MI | 148 | 30 | 705,380 | $47,791,901 | $72,990,473 | |
4Q 2020 | Morrow (University and Fairview) | St. Paul | MN | 243 | 243 | 476,130 | $79,100,713 | $68,486,408 | |
4Q 2020 | Jazzie Collins Apartments (53 Colton) | San Francisco | CA | 96 | 96 | 368,640 | $19,058,892 | $52,515,971 | |
4Q 2020 | Pinzone Towers | Rocky River | OH | 100 | 100 | 75,910 | $6,583,800 | $12,601,487 | |
1Q 2021 | Circle Park Apartments | Chicago | IL | 418 | 418 | 292,010 | $84,895,000 | $163,806,449 | |
1Q 2021 | Heiwa Terrace Apartments | Chicago | IL | 204 | 204 | 396,710 | $28,500,000 | $68,414,801 | |
1Q 2021 | Gateway Apartments | Chicago | IL | 161 | 17 | 382,510 | $43,500,000 | $50,352,486 | |
1Q 2021 | Wilder Square | St. Paul | MN | 136 | 136 | 157,100 | $22,909,000 | $33,108,000 | |
2Q 2021 | The Couture | Milwaukee | WI | 322 | - | 1,464,510 | $104,745,000 | $159,255,248 | |
2Q 2021 | Heartland View Apartments | Wentzville | MO | 201 | - | 354,360 | $32,000,000 | $37,377,307 | |
2Q 2021 | Morningside Court Apartments | Chicago | IL | 171 | 171 | 105,240 | $28,700,000 | $56,425,536 | |
2Q 2021 | Amber Union | Falcon Heights | MN | 125 | 125 | 371,940 | $18,273,000 | $55,604,667 | |
2Q 2021 | Old Cedar (Bloomington) Apartments | Bloomington | MN | 68 | 68 | 150,360 | $21,774,000 | $19,169,071 | |
3Q 2021 | The American Cooperative of Anoka | Anoka | MN | 87 | - | 292,850 | $20,931,200 | $34,728,425 | |
3Q 2021 | Granada Senior Apartments | San Antonio | TX | 265 | 265 | 321,480 | $37,000,000 | $63,242,767 | |
3Q 2021 | Metro 19 Apartments | Roselle | IL | 295 | - | 570,480 | $65,928,000 | $77,098,874 | |
4Q 2021 | 311 West 42nd Street | Manhattan | NY | 330 | 83 | 1,995,680 | $50,000,000 | $337,700,000 | |
4Q 2021 | Peregrine Apartments | Minneapolis | MN | 163 | 163 | 363,130 | $55,587,970 | $55,711,262 | |
4Q 2021 | The Crest Apartments | Brooklyn Center | MN | 171 | 171 | 192,720 | $25,014,942 | $40,052,670 | |
1Q 2022 | Zenith | Duluth | MN | 122 | 13 | 334,360 | $26,682,200 | $49,084,470 | |
1Q 2022 | Southern Hills/Orlando | Decatur | IL | 212 | 212 | 109,000 | $21,810,000 | $40,873,063 | |
2Q 2022 | Greenway Apartments | Minneapolis | MN | 86 | 86 | 176,070 | $12,327,300 | $26,847,568 | |
2Q 2022 | Rise on 7 | St. Louis Park | MN | 120 | 120 | 264,020 | $35,103,700 | $40,355,688 | |
2Q 2022 | Covent Apartments | Chicago | IL | 30 | 30 | 97,930 | $4,900,000 | $17,763,640 | |
2Q 2022 | 42nd & Central | Columbia Heights | MN | 62 | 62 | 140,880 | $10,631,900 | $21,899,161 | |
2Q 2022 | Edwin Berry Manor Apartments | Chicago | IL | 57 | 56 | 45,010 | $5,752,000 | $12,521,150 | |
2Q 2022 | Ladder 260 | Minneapolis | MN | 90 | 90 | 203,510 | $18,219,487 | $34,281,708 | |
HIT Projects | 39 | 6,942 | 4,275 | 18,597,660 | $1,430,870,605 | $3,045,656,954 | |||
Commitment/ Construction Start |
Building America CDE, Inc. Projects (HIT Subsidiary) |
City | State |
Square Feet |
Total Units |
Affordable Units |
Union Construction Hours |
New Markets Tax Credits Allocation |
Total Development Cost |
1Q 2018 | Joseph P. Addabbo Family Health Center | Queens | NY | 44,500 | - | - | 216,970 | $8,000,000 | $23,420,528 |
3Q 2020 | Sugar Hill | Detroit | MI | 54,760 | 68 | 20 | 314,560 | $14,500,000 | $35,080,214 |
4Q 2021 | Destination Crenshaw | Los Angeles | CA | 40,000 | - | - | 198,690 | $8,000,000 | $50,851,200 |
1Q 2022 | Toledo Innovation Center | Toledo | OH | 107,000 | - | - | 399,810 | $10,000,000 | $32,841,131 |
3Q 2022 | The School at Marygrove | Detroit | MI | 63,600 | - | - | 249,780 | $8,000,000 | $27,687,449 |
Projects Receiving Building America CDE, Inc. New Markets Tax Credits Allocation |
5 | 309,860 | 68 | 20 | 1,379,810 | $48,500,000 | $169,880,522 | ||
Grand Total | 44 | 7,010 | 4,295 | 19,977,470 | $1,479,370,605 | $3,215,537,476 |
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 July 31, 2022. Economic impact data is in 2021 dollars and all other figures are nominal.
This table provides information about projects financed by the HIT that were pre- or under construction as of the date of this report. Projects are included until they reach permanent loan status. 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. Investors should consider the HIT's investment objectives, risks, and charges and expenses carefully before investing. This and other information is contained in the HIT's current prospectus. To obtain a current prospectus, call the HIT at (202) 331-8055 or visit the HIT's website at www.aflcio-hit.com.