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| Helping Build San Francisco —The Union Way |
The AFL-CIO Housing Investment Trust builds on over 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 San Francisco
Since
Inception in 1984
| 15 | $554.2M | $949.5M | 9.5M | 2,310 |
| Projects | HIT
Investment Amount |
Total Development Cost |
Hours of Union Construction Work |
Housing Units |
| $2.4B | 10,961 | $1.1B | $108.9M | 30% |
| Total Economic Impact | Total Jobs Across Industries |
Total Wages and Benefits |
State and Local Tax Revenue Generated |
Percent Affordable |
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PROJECT PROFILE: ELEVENELEVEN RESIDENCES A & B The HIT provided a total of $184.0 million in financing for the $220.2 million new construction of the 303-unit (34% affordable) ElevenEleven Residences A & B, creating an estimated 1,157,910 hours of union construction work. |
PROJECT PROFILE: SAN CRISTINA The HIT provided $17.5 million in financing for the $49.3 million substantial rehabilitation of the 58-unit all affordable San Cristina apartments, creating an estimated 232,130 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 March 31, 2026. Economic impact data is in 2025 dollars and all other figures are nominal.
| Helping Build San Francisco —The Union Way | MARCH 2026 |
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| Ventana Residences—San Francisco | Jazzie Collins—San Francisco | Potrero Launch Apartments—San Francisco | ||
“When the AFL-CIO Housing Investment Trust is financing a project, they’re financing affordable housing projects. So, it’s not just work for us today, it’s housing we can afford to live in when it’s done. And that’s something you just don’t see enough of in San Francisco.”
—Rudy Gonzalez
Secretary-Treasurer, San Francisco Building and Construction Trades Council
HIGHLIGHTS OF BAY AREA INVESTMENTS
| Project | Location | HIT Investment | TDC | Construction Work Hours | |
| Bernal Gateway | San Francisco | $5,406,306 | $14,300,000 | 149,690 | |
| Heritage Homes | San Francisco | $7,400,000 | $27,999,667 | 299,500 | |
| ElevenEleven Residences - A | San Francisco | $58,996,496 | $84,392,112 | 403,920 | |
| ElevenEleven Residences - B | San Francisco | $124,999,900 | $135,805,323 | 753,990 | |
| Jazzie Collins Apartments | San Francisco | $19,058,892 | $52,515,971 | 368,640 | |
| Market Heights | San Francisco | $2,340,000 | $2,574,000 | 43,090 | |
| Potrero Launch Apartments | San Francisco | $2,585,000 | $80,400,000 | 1,156,820 | |
| Rincon Green @ 333 Harrison | San Francisco | $70,001,400 | $105,000,000 | 1,464,530 | |
| San Cristina | San Francisco | $17,472,000 | $49,334,105 | 232,130 | |
| Ventana Residences | San Francisco | $52,000,000 | $121,934,463 | 805,240 |
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 March 31, 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.
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1227 25th Street, NW | Suite 500 | Washington, DC 20037 | 202.331.8055 | www.aflcio-hit.com |
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