NYCCI Initiative

 

 

NEW YORK CITY ECONOMIC IMPACT OF INVESTMENTS

(2002-present)

 

63

 

Number of Projects

$1.6B

 

HIT Investment Amount

 

$4.4B

 

Total Development Cost

 

39,749

 

Housing Units Created or
Preserved

 

36,807

 

Low-and Moderate-
Income Housing Units

 

 
  $4.6B 20.5M 23,586 $771.8B 93%  
  Total Economic Impact Hours of Construction
Work Generated
Total Jobs Created State, Local and Federal
Tax Revenue Generated
Percent Affordable  
             

 

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, 2022. Economic impact data is in 2021 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 collect at 202-331-8055. Investors should read the current prospectus carefully before investing.