Form 40-24B2 AFL CIO HOUSING INVESTME

July 24, 2024 2:59 PM EDT

 

New York City Key Market

 

 

ECONOMIC IMPACT OF HIT-FINANCED PROJECTS IN NEW YORK CITY

In 2023 Dollars, Since Inception*

 

76

 

Projects

 

$2.0B

 

HIT Investment Amount

 

$8.0M

 

Building America NMTC
Allocation

 

$5.0B

 

Total Development Cost

 

44,609

 

Housing Units Created or
Preserved
(92% affordable)

 

 
  $6.3B 26.2M 29,358 $3.0B $407.1M  
  Total Economic Impact Hours of Union
Construction Work
Jobs Across Industries Total Wages and Benefits 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 June 30, 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.

 

 



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