AFL-CIO Housing Investment Trust

10/16/2024 | Press release | Distributed by Public on 10/16/2024 04:01

Prospectus by Investment Company - Form 497

PROJECT IMPACTS

(1984-PRESENT*)

$48.0 $20.4 $6.4
Billion Billion Billion
total economic
Benefits 		personal income including wages
and benefits, with $10.5 billion
for construction workers 		tax revenues
($2.0 billion state/local
and $4.4 billion federal)
209.4 239.2 130.3
Million Thousand Thousand
hours of on-site union
construction work created 		total jobs generated
across communities 		housing and healthcare units
nationwide, with 67% affordable

"By financing development projects built with 100% union labor, the HIT invests in assets which are more likely to be built safely, on time and on budget. When these same developments are built with our affiliates' pension capital, it reinforces the health of our pension funds."

Sean McGarvey

President, North America's Building Trades Unions
Trustee, AFL-CIO Housing Investment Trust


*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 since inception, current as of September 30, 2024. Economic impact data is in 2023 dollars and all other figures are nominal.

HELPING BUILD AMERICA-THE UNION WAY

JOBS CREATED BY TRADE SINCE INCEPTION*

Trade Type Jobs Hours
Boilermakers 848 1,706,800
Bricklayers (including tile setters) 6,246 12,564,090
Carpenters 18,966 38,129,090
Cement Masons 3,875 7,790,530
Electrical Workers 15,848 31,860,380
Elevator Constructors 886 1,779,190
Insulators 1,275 2,563,690
Ironworkers 2,820 5,672,690
Laborers 14,059 28,256,570
Operating Engineers 3,801 7,639,670
Other 7,576 15,229,090
Painters 8,187 16,461,890
Plumbers 11,465 23,049,600
Roofers 3,332 6,700,740
Sheet Metal Workers 3,346 6,726,420
Teamsters 1,630 3,276,040
Grand Total 104,161 209,406,500

*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 since inception, current as of September 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. A prospectus containing more complete information may be obtained from the HIT by calling the Marketing and Investor Relations Department at 202-331-8055 or by viewing the HIT's website at www.aflcio-hit.com. The prospectus should be read carefully before investing.