MIDWEST@WORK INITIATIVE

Back to Initiatives

(2016-PRESENT)

The HIT launched this initiative in early 2016 to spur economic development in the industrial Midwest with the goal of investing $1 billion by 2023. After exceeding this goal ahead of schedule, the HIT has now doubled its target and aims to invest $2 billion by 2025. The initiative’s footprint includes the states that border the Great Lakes, from Upstate New York to Minnesota. Ten metropolitan areas – Buffalo, Chicago, Cleveland, Columbus, Detroit, Minneapolis, Milwaukee, Pittsburgh, St. Louis, and St. Paul – are the focus of investment.

MIDWEST@WORK ECONOMIC IMPACT OF INVESTMENTS

(2016-present)

Number of Projects
$B

HIT Investment Amount
$.0M

Building America NMTC Allocation
$B

Total Development Cost
Housing Units Created or Preserved

$B

Total Economic Impact
M

Hours of Construction Work Generated
Total Jobs Created
$B

State, Local and Federal Tax Revenue Generated
Low-and Moderate-Income Housing Units
(61% affordable)

Midwest@Work Investments

Ladder 260 The AFL-CIO Housing Investment Trust (HIT) is helping to finance the $34.3 million construction of Ladder 260 apartments. The 6-story development will add 90 units of hig... View

Zenith The AFL-CIO Housing Investment Trust (HIT) is helping to finance Zenith Apartments, the $49.1 million adaptive reuse and modernization of an existing public high school i... View

Peregrine Apartments The AFL-CIO Housing Investment Trust (HIT) is helping to finance the $55.7 million new construction of Peregrine Apartments in Minneapolis, MN. Located along the Mississi... View

Soul The AFL-CIO HIT is helping to finance the $70.5 million construction of Soul, a 178-unit affordable housing development in St. Paul, Minnesota. View

The AFL-CIO HIT’s MidWest@ Work Investment Strategy will offer families a critical lifeline, and our country will be stronger and healthier because of its visionary hopes for America’s distressed Midwest. I am happy to support the Housing Investment Trust’s dreams for America’s families.
—Liz Shuler, President, AFL-CIO;
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 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. 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.