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497 Form - Definitive materials - AFL CIO HOUSING INVESTMENT TRUST (0000225030) (Filer)

4971ahit-497_101119.htmDEFINITIVE MATERIALS

 

$30.8 B total economic benefits $12.2 B personal income including wages and benefits, with $6.1 billion for construction workers $ 3 . 9 B tax revenues ( $1.3 billion state/local and $2.6 billion federal) total jobs generated across communities 1 7 1 . 9 M 1 8 5 K hours of on - site union construction work created 115 K housing and healthcare units nationwide, with 67% affordable PROJECT IMPACTS (1984 – PRESENT) “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 In 2018 dollars . Includes projects financed by Building America CDE, a controlled affiliate . Economic impacts such as jobs, personal income, and tax revenue estimates are derived from an IMPLAN model . 5 2 5 P R O J E C T S

 
 

HELPING BUILD AMERICA — THE UNION WAY JOBS CREATED BY TRADE SINCE INCEPTION * Trade Type J obs Hours Asbestos and insulation 1 , 1 0 4 2 , 22 2 , 2 0 0 Boilermakers 8 3 8 1 , 6 8 7 , 1 6 0 Bricklayers (including tile setters) 5 , 7 4 8 1 1 , 5 6 6 , 4 8 0 Carpenters 1 5 , 4 4 1 3 1 , 1 3 4 , 4 1 0 Cement Masons 3 , 27 1 6, 5 1 5 , 08 0 Electrical Workers 1 2, 8 3 1 2 5 , 8 1 8 , 2 8 0 Elevator Constructors 45 7 9 1 8 , 4 90 Ironworkers 2 , 5 39 5 ,11 1 , 0 1 0 Laborers 1 0 , 7 5 6 2 1 , 6 4 2 , 5 0 0 Operating Engineers 3 , 0 01 6 , 0 3 7 , 390 Other 6 , 390 1 2, 8 55 , 1 6 0 Painters 6 ,8 2 5 1 3 , 7 3 4,230 Plumbers 9 , 3 9 8 1 8 , 9 0 9 , 1 20 Roofers 2, 88 8 5 , 8 1 1 , 5 8 0 Sheet Metal Workers 2 , 6 5 6 5 , 3 4 4 , 5 30 Teamsters 1 ,2 8 6 2 , 5 8 8 , 5 0 0 Grand Total 8 5 ,4 2 7 1 7 1 , 8 9 6 , 1 2 0 * Figures provided by Pinnacle Economics are estimates calculated using an IMPLAN input - output model based on HIT and subsidiary Building America project data. Data covers the period 1984 – September 30, 2019. 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 collect at 202 - 331 - 8055 or by viewing the HIT’s website at www . aflcio - hit . com . The prospectus should be read carefully before investing .