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| Helping Build Illinois—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 Illinois
Since Inception in 1984
| 125 | $1.8B | $17.0M | $4.0B | 22,911 |
| Projects | HIT
Investment Amount |
Building America NMTC Allocation |
Total Development Cost |
Housing Units |
| $8.4B | 36.7M | 40,839 | $3.5B | $372.9M |
| Total Economic Impact | Hours of Union Construction Work |
Total Jobs Across Industries |
Total Wages and Benefits |
State and Local Tax Revenue Generated |
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PROJECT PROFILE: 400 LAKE SHORE The HIT provided $55.0 million in financing for the $543.3 million new construction of the 635-unit (20% affordable) 400 Lake Shore in Chicago. This project will create an estimated 3,316,100 hours of union construction work. |
PROJECT PROFILE: FOX SHORE The HIT provided $15.6 million in financing for the $31.2 million acquisition and substantial rehabilitation of the 94-unit (100% affordable) Fox Shore in Aurora. This project will create an estimated 129,820 hours of union construction work. |
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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 Illinois —The Union Way | MARCH 2026 |
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| Parkway Lakeside Apartments—O’Fallon | Willa Rawls Manor—Chicago | Belleville Clinic—Belleville (Building America) | ||
“We appreciate HIT’s commitment to and support of union construction at numerous projects that have put our members to work for nearly 30 years and recognize the benefits this commitment has provided to the workers and the community.”
—Michael Macellaio, President
Chicago and Cook County Building Construction Trades Council
HIGHLIGHTS OF ILLINOIS INVESTMENTS
| Project | Location | HIT
Investment/Building America NMTC Allocation |
TDC | Construction Work Hours |
| Fox Shore | Aurora | $15,610,000 | $31,198,443 | 129,820 |
| Belleville Clinic | Belleville | $7,000,000 | $10,378,685 | 61,920 |
| 400 Lake Shore | Chicago | $55,000,000 | $543,305,000 | 3,316,100 |
| 6900 South Crandon Apartments | Chicago | $16,836,000 | $46,975,331 | 130,890 |
| Grace Manor Apartments | Chicago | $4,109,600 | $30,215,493 | 252,230 |
| Imani Village Senior Residences | Chicago | $2,171,000 | $27,085,749 | 247,830 |
| Willa Rawls Manor | Chicago | $23,770,000 | $46,375,332 | 73,410 |
| The Villager & Briarwood West Apartments | Crystal Lake | $16,525,000 | $30,737,309 | 66,490 |
| Southern Hills/Orlando | Decatur | $21,810,000 | $40,873,063 | 109,000 |
| Two Towers | East Moline | $18,935,000 | $48,967,899 | 231,900 |
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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