BlueHub Capital

🧬✨ A new era of innovation is taking shape in Nubian Square with the $50M NuSquare Life Science Training Center, as highlighted in The Bay State Banner newspaper. This 40,000 sq. ft. facility will prepare students and workers for careers in the rapidly growing life sciences industry and will be located near the new Franklin Cummings Tech campus. Franklin Cummings Tech's expansion, which BlueHub supported with a $19.5M New Markets Tax Credit investment, positions the school to play a vital role in leveraging NuSquare’s cutting-edge resources to enhance education and career readiness. In addition to advanced training facilities, NuSquare will feature housing, a 300-seat performance hall, and a 300-car garage—creating a hub for education, community and opportunity in the heart of Roxbury. BlueHub Loan Fund is leading a group of lenders to help finance and support the large-scale development. Learn more about this transformative project: https://lnkd.in/eCnt4Qes #NuSquare #LifeSciences #Education #Technology #Innovation #NubianSquare #Roxbury #Boston

🚜🍎 Farm Fresh Rhode Island , a BlueHub Loan Fund borrower, is making a meaningful impact this season by providing fresh, locally grown food to families in need through their Thanksgiving Harvest Box program. These boxes, filled with seasonal produce, pumpkin pies, and cranberry sauce, not only bring joy to families but also support local farmers and their communities. By sourcing directly from Rhode Island and Southeastern Massachusetts farms, Farm Fresh Rhode Island bridges the gap between sustainable agriculture and community nourishment. This year, they’ve partnered with the West End Community Center and others to distribute meals to even more families. Gratitude and community go hand in hand, and we’re proud to highlight Farm Fresh Rhode Island’s incredible work during a time of reflection and giving. Learn more about their efforts to create positive change: https://lnkd.in/eHTXnSAS. #BlueHubCapital #CommunityDevelopment #FarmToTable #FoodSecurity #GratitudeInAction

For three decades, the Community Development Financial Institutions Fund (CDFI Fund) has provided financing to transform underserved communities by expanding access to affordable housing, creating jobs, and providing the financial tools needed to thrive. As Secretary Yellen highlighted during the 30th anniversary event, CDFIs are uniquely positioned to deliver critical financial services to areas traditional banks often overlook, catalyzing $8 in private sector investment for every $1 invested by the CDFI Fund. With more than 1,400 CDFIs nationwide, this year alone the CDFI Fund awarded a record amount of funding to help build stronger, more inclusive communities. BlueHub Capital is proud to have been part of this transformative work, receiving: ▪ $4.5 million in Capital Magnet Funds to expand affordable housing and community facilities. ▪ $3.8 million in Financial Assistance awards to drive investments in healthy food access, disability services, and persistent poverty areas. The CDFI Fund’s investments are more than dollars—they’re the foundation for opportunity and equity, ensuring that resources reach the communities where they can make the greatest impact. And BlueHub is proud to be part of this innovative industry. 🎥 Watch Secretary Yellen and former President Clinton reflect on the CDFI Fund’s legacy: youtu.be/Q37frezcFqY #CDFIFund30 #BlueHubCapital #CommunityDevelopment #AffordableHousing #InclusiveGrowth

Last week, the BlueHub Loan Fund joined The NHP Foundation and community partners to celebrate the ribbon cutting for Blue Mountain Apartments, a historic, 217-unit affordable housing community in Boston's Roxbury neighborhood. Attendees heard from serval speakers, including Loan Fund President Karen Kelleher and a resident who has proudly called Blue Mountain her home for 35 years. Featured speakers highlighted the vital role stable, quality housing plays in strengthening communities. This $100+ million rehabilitation project was supported by a $4.59 million State Historic Tax Credit (HTC) bridge loan from BlueHub Loan Fund, with additional support from MassHousing. This investment preserves a historic building, that was constructed between 1910 and 1930 history, and ensures Roxbury families have access to quality, affordable housing for generations to come. #AffordableHousing #HistoricPreservation #CommunityImpact #BlueHubCapital #NHPFoundation #MassHousing #RoxburyMA

Governor Maura Healey has signed the Mass Leads Act, an economic development bill passed by the legislature last week. It includes a provision that ensures mission-driven nonprofits like #BlueHubSUN can continue helping families in imminent danger of losing their homes. Our unique program allows homeowners to regain and retain homeownership and earn equity and generational wealth over time. Read our article below to learn more about this legislation. #ForeclosureRelief #Massachusetts

Insightful discussion today at RE&IC Virtual Summit hosted by Greentown Labs! BlueHub Loan Fund's SVP of Climate Lending Elizabeth Fish Glynn (Betsy) spoke about the transformative potential of the Greenhouse Gas Reduction Funds (GGRF) for community Distributed Energy Resource (DER) projects. 🙌 Betsy joined a panel of climate leaders, including: ▪Janelle Gendrano, Deputy Director at Climate Access Fund ▪Nicole Steele, Director of Climate Partnerships at Amalgamated Bank ▪Elizabeth Friend, Director of Clean Energy & Sustainable Finance at Reinvestment Fund ▪Jess Brooks, VP of Investor Relations at Social Finance (Moderator) Together, they tackled some critical questions: ✅ How the $27B community decarbonization finance initiative can create meaningful change ✅ Opportunities to expand the market for climate technologies ✅ Supporting community-led climate solutions ✅ Building ecosystems that amplify impact Betsy’s expertise and leadership on the BlueHub Loan Fund team provides valuable insights into advancing community-based clean energy initiatives and making a difference in the fight against climate change. 💡🌱 Thank you to Greentown Labs, Beacon Climate Innovations, and all the organizers for an impactful event. The road to a low-carbon, sustainable future is brighter thanks to conversations like these! #ClimateAction #GreenFinance #Sustainability #CleanEnergy #CommunityImpact #ClimateLending

In the Boston Globe Media: Housing advocate calls on Governor Healey to sign legislation that would allow BlueHub SUN to continue to offer meaningful foreclosure relief. For homeowners like Rose Webster-Smith, SUN offers a second chance. After facing foreclosure, SUN worked with her family to buy back their home, reduce their mortgage by $50,000 and cut monthly payments by $400. By buying homes in foreclosure and selling them back to the homeowners with mortgages they can afford, the SUN program helps homeowners build equity from day one and regain financial stability. This would not be possible without a shared appreciation mortgage--a second mortgage the homeowner pays when they decide to sell or refinance out of the program, and they owe it only if the home increases in value; this allows for equity and fairness among neighbors. Programs like SUN are essential to stabilizing families, neighborhoods and communities. ✨ The Impact So Far in MA: ▪500+ families saved from foreclosure. ▪$45M in home equity restored to homeowners. ▪Average savings of $730 per month on mortgage payments. Read more in The Boston Globe: https://lnkd.in/eMgYZ6eR #BlueHubCapital #ForeclosurePrevention #HousingMatters #CommunityImpact

🍎 BlueHub Capital borrower @Daily Table is breaking barriers to food access in Boston! Recently, Mayor Michelle Wu, Congresswoman Ayanna Pressley, and Congressman Jim McGovern visited Daily Table’s Nubian Square store to spotlight its critical role in providing affordable, nutritious groceries to low-income families. Since federal funding cuts paused the Double Up Food Bucks program—offering EBT shoppers 50% off fresh produce—Daily Table has been working tirelessly to restore this essential support for families. “We don’t want anyone experiencing the pangs of hunger,” said Pressley, highlighting the importance of dignified, affordable shopping for all. 🍅🥬 With five stores across Greater Boston, Daily Table is a lifeline for many and a valuable partner for food justice. BlueHub is proud to have supported their essential work with two loans totaling $2 million. Read more about this effort in the Dorchester Reporter: https://lnkd.in/ePBQXnzh #FoodJustice #AffordableFood 🛒 #CommunityImpact #BlueHubCapital #DailyTable

BIG NEWS: BlueHub Loan Fund successfully secured $86.8 million in Sustainability Bonds through its second public debt offering! Rated ‘A+’ by S&P Global Ratings, the bonds provide critical scale capital that enable the Loan Fund to meet borrower credit demand and maximize impact across the communities it serves. The bonds were issued in two tranches, a $60.5 million Series A municipal taxable bond, and a $26.3 million Series B municipal tax-exempt bond—the first ever issued by a CDFI. The Series A taxable bond proceeds will be used to fund community development projects that support low-income areas. The Series B tax-exempt bond proceeds will provide long-term financing to existing public charter school borrowers within BlueHub Loan Fund’s portfolio. This innovative “forever financing” product will help these schools stabilize facility costs for up to 20 years, while enabling our credit rating and balance sheet to deliver cost-saving interest rates and fill a gap in the marketplace. This tax-exempt bond sale is impactful not only for the continued development of the CDFI sector in capital markets but also for diversifying the lending products that CDFIs can offer to borrowers. Thank you to our partners Morgan Stanley and Momentus Securities for their expertise and collaboration. BlueHub continues to push the boundaries of community finance to find new ways to meet the needs of the neighborhoods we serve. Learn more about our bond issuance and how it will drive positive outcomes: https://lnkd.in/eFBZptmV #BlueHub #SustainabilityBonds #CommunityDevelopment #EconomicOpportunity #ImpactInvestment #CDFI #InclusiveEconomy #AffordableHousing #FinancialInclusion

🎉 Coming to you LIVE from the Boston Business Journal’s #Power50: The Movement Makers event where we are celebrating BlueHub CEO Elyse Cherry for being named among Boston’s top leaders driving impactful change! The 2024 Power 50 honors the bold and visionary leaders in Boston who are creating an equitable, inclusive future for our city. Elyse’s leadership continues to make a lasting impact, strengthening communities through affordable housing, quality education, economic empowerment and more. Join us in congratulating Elyse and the other incredible honorees on this achievement! #BostonBusinessJournal #Leadership #Equity #Inclusion #BlueHub