AFL-CIO Housing Investment Trust
10/23/2026 | Press release | Distributed by Public on 10/23/2026 10:01
Prospectus by Investment Company (Form 497)
The AFL-CIO Housing Investment Trust builds on 40 years of experience investing union capital responsibly to deliver competitive returns to its participants while generating union construction jobs, affordable housing, and economic and fiscal impacts that benefit the communities where union members live and work.
Economic and Fiscal Impacts of the HIT-Financed Projects in Minnesota
Since Inception in 1984
| 120 | $2.1B | $5.0M | $3.2B | 15,540 |
| Projects |
HIT Investment Amount |
Building America NMTC Allocation |
Total Development Cost |
Housing Units |
| $7.5B | 28.3M | 35,905 | $3.0B | $296.7M |
|
Total Economic Impact |
Hours of Union Construction Work |
Total Jobs Across Industries |
Total Wages and Benefits |
State and Local Tax Revenue Generated |
|
PROJECT PROFILE: SILVER LAKE POINTE The HIT provided financing for the $16.9 million acquisition and rehabilitation of the 83-unit all affordable Silver Lake Pointe apartments in Mounds View which will create an estimated 32,860 hours of union construction work. |
PROJECT PROFILE: ROCHESTER CIVIC CENTER LOW RISE The HIT provided $17.3 million in funding for the $30.0 million new construction of the 76-unit all affordable Rochester Civic Center Low Rise which will create an estimated 191,180 hours of union construction work. |
continued
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 September 30, 2026. Economic impact data is in 2025 dollars and all other figures are nominal.
| Helping Build Minnesota -The Union Way | SEPTEMBER 2026 |
| Solene (Beltline Station Building 3)-St. Louis Park | Chancellor Manor-Burnsville | Soul-St. Paul | ||
"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, President
Minnesota Building and Construction Trades Council
HIGHLIGHTS OF MINNESOTA INVESTMENTS
| Project | Location |
HIT Investment/Building America NMTC Allocation |
TDC |
Construction Work Hours |
| Chancellor Manor | Burnsville | $25,830,000 | $58,247,437 | 138,450 |
| One Southside | Minneapolis | $5,000,000 | $27,978,588 | 213,470 |
| Silver Lake Pointe | Mounds View | $7,949,400 | $16,866,839 | 32,860 |
| Estoria Cooperative Oak Marsh | Oakdale | $21,464,400 | $44,694,970 | 325,400 |
| Rochester Civic Center Low Rise | Rochester | $17,276,405 | $29,974,319 | 191,180 |
| Beltline Station Building 1 | St. Louis Park | $16,207,382 | $58,232,914 | 391,340 |
| Solene (Beltline Station Building 3) | St. Louis Park | $14,841,856 | $50,632,363 | 338,930 |
| Rise on 7 | St. Louis Park | $35,103,700 | $40,355,688 | 264,020 |
| Landmark Tower | St. Paul | $18,660,000 | $97,079,980 | 616,680 |
| Soul | St. Paul | $64,700,959 | $70,470,714 | 483,560 |
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 September 30, 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.
The projects listed above 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.
|
1227 25th Street, NW | Suite 500 | Washington, DC 20037 | 202.331.8055 | www.aflcio-hit.com |
AFL-CIO Housing Investment Trust published this content on October 23, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on October 23, 2026 at 16:01 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]