AFL-CIO Housing Investment Trust

01/31/2025 | Press release | Distributed by Public on 01/31/2025 09:56

Sales Literature by Investment Company (Form 40-24B2)

Twin Cities Key Market

ECONOMIC IMPACT OF HIT-FINANCED PROJECTS IN THE TWIN CITIES

In 2023 Dollars, Since Inception*

84

Projects

$1.6B

HIT Investment Amount

$5.0M

Building America NMTC Allocation

$2.5B

Total Development Cost

11,876

Housing Units Created or
Preserved
(53% affordable)

$5.5B

Total Economic Impact

22.3M

Hours of Union
Construction Work

28,164

Total Jobs Across
Industries

$2.2B

Total Wages and Benefits

$222.0M

State and Local Tax
Revenue Generated

*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, 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.