BlueHub Capital

Term of the Month: Adaptive Reuse Adaptive reuse is the process of repurposing buildings and spaces for new uses, transforming them to meet current needs while preserving their historical or architectural significance. This approach both revitalizes communities and supports sustainable development. BlueHub Loan Fund has financed several adaptive reuse projects, including The Wilder in Nashville, which transformed a former motel into a mixed-income housing development, and Memphis Merit Academy Charter School (MMA), which is turning a former Kroger and shopping mall into a K-8 school. 🎥 Hear from our Loan Fund President, Karen Kelleher, as she explains how adaptive reuse works and why it’s essential for building resilient communities. #AdaptiveReuse #SustainableDevelopment #CommunityImpact #AffordableHousing #BlueHubCapital #TermoftheMonthTuesday

This #LaborDay, let’s recognize the value and contributions of every worker, including our immigrant workforce. In a recent Fast Company article, our CEO, Elyse Cherry, calls for greater support for immigrants seeking citizenship to strengthen our economy and workforce. BlueHub Capital's One Percent For America initiative is proud to make citizenship more accessible through 1% interest loans that cover citizenship application fees. When immigrants thrive, we all thrive! Learn more: https://lnkd.in/eYJDtSMq #Immigration #USCitizenship #OnePercentForAmerica 🌍🗽

🎒📚 As students return to the classroom over the next few weeks, we’re proud to work with public charter schools across the country that provide quality education options to our communities. From Atlas Public Schools in St. Louis, MO, with its joyful, year-round learning model. To #BELIEVECircleCityHighSchool in Indianapolis, IN, which provides dual enrollment opportunities. To Promesa Academy Charter School in San Antonio, TX, fostering a nurturing environment for academic and emotional growth. To #LIFEAcademy in Montgomery, AL, focusing on leadership and entrepreneurship. These schools, along with many others we’ve financed, are making a real difference in the lives of their students. Here’s to a fantastic start to the school year! #BackToSchool #CharterSchools #EducationForAll #CommunityImpact #BlueHubCapital

Learn how BlueHub, Codman Square Neighborhood Development Corporation, Fermata Energy and Enterprise Mobility are making EVs more accessible in the Dorchester neighborhood of Boston! 🚗⚡ In a special EV edition of Boston Globe Today, Gail Latimore, Executive Director of Codman Square Neighborhood Development Corporation, shares her insights: "Reducing gas guzzling diesel and other fumes is crucial for communities like ours, which have one of the highest rates of asthma in the commonwealth. This initiative impacts people's health and their pocketbooks." This first-of-its-kind pilot program leverages bi-directional chargers to allow EVs to not only charge but also supply power back to buildings, creating a sustainable and cost-effective solution for affordable housing developments. Our goal is to ensure low-income and environmental justice communities lead the way to a greener future. Learn more on Boston Globe Media: https://lnkd.in/dbXJ4tHQ #ClimateLending #EVs #ElectricVehicles #GreenEnergy #EnvironmentalJustice

📢 ANNOUNCEMENT: Elizabeth Fish Glynn has been named the Senior Vice President of Climate Lending at BlueHub Loan Fund. Betsy's extensive background in clean energy and housing, combined with her expertise in managing complex financial transactions, positions her to lead and expand BlueHub Loan Fund’s climate lending strategy. She has dedicated her career to advancing environmental justice and increasing access to clean energy for underserved communities. “We are very excited to welcome Betsy Glynn to the BlueHub team, not only for her deep expertise in clean energy but also for her commitment to environmental justice,” said Karen Kelleher, President of BlueHub Loan Fund. “Her addition will boost our technical, strategic and policy leadership capacity and enable us to increase our work fostering resiliency and environmental equity in and for underserved communities.” Read more: https://lnkd.in/eHAwByhk #NewHire #ClimateLending #CleanEnergy #ImpactInvesting #CDFI 🌍

A recent Bisnow article highlights the growing difficulties in financing senior housing projects amid rising costs and reduced advocacy. With an aging population and increased demand, the sector faces significant obstacles, including inflation, limited low-income housing tax credit (LIHTC) equity, and high construction costs. The NHP Foundation (NHPF) and others are working to address these challenges and advocate for greater support in senior housing. At BlueHub, we are aligned with this mission and are committed to leveraging our resources and expertise to make a meaningful difference in the sector. We recently provided a $14 million loan alongside Reinvestment Fund to support NHPF's Park Heights project in Baltimore, a 100-unit 100% affordable senior housing development. As Mansur Abdul-Malik, MRED, HDFP, PMP of NHPF aptly put it, “When everything is broken, that's when we typically come up with our best ideas.” To learn more about the current state of senior housing and the innovative solutions being discussed, read the full Bisnow article: https://lnkd.in/g5DMNv32 #BlueHubCapital #AffordableHousing #SeniorHousing #ImpactInvesting #LIHTC #CommunityDevelopment

🏠 California has granted $29M to convert the Travelodge in Costa Mesa into 76 units of permanent supportive housing. This redevelopment, led by American Family Housing, Inc. (AFH), a BlueHub borrower, will provide essential housing for formerly homeless and at-risk individuals in our community. This project is a significant step forward in addressing the homelessness crisis in Orange County. AFH will not only oversee construction, but also provide on-site support services for residents, ensuring a safe and nurturing environment for all residents. Additionally, a commercial kitchen on the property will offer job opportunities and training to tenants, further supporting their journey to stability. 🔗 Learn more about this exciting development in the Los Angeles Times: https://lnkd.in/ey-eR7uG #AffordableHousing #SupportiveHousing #Homelessness #CommunityDevelopment #BlueHubCapital #AdativeReuse

🔍 According to S&P Global, homeowners insurance rates in the US jumped by double digits in 2023, with some states seeing increases as high as 23.3%! Combine that with a 24% rise in median property tax bills—driven by a 40% surge in real estate values since 2019—and it's clear that homeowners are facing significant challenges. 🏡 🚨 What This Means for You: While your mortgage payment may be fixed, your property taxes and insurance premiums are not. Insurance premiums are climbing due to natural disasters, inflation, and higher rebuilding costs. Property tax increases often result from reassessments tied to rising property values. These rising costs could lead to higher monthly payments. Read more here: https://lnkd.in/enpmFf2U #homeownership #housing #insurance #inflation #housingcounselors

#WinnDevelopment will rejuvenate the Bedford Gardens in Hartford, CT's Clay Arsenal neighborhood, preserving its rich history while ensuring long-term affordability. The project—an $18.7M renovation of 84 apartments—includes essential upgrades like new roofs, windows, HVAC systems, and accessible units, all aimed at enhancing the quality of life for residents. BlueHub is serving as an intermediary lender facilitating a $3.38 million state historic tax credit investment in the project. To learn more about this transformative project, visit New England Real Estate Journal (NEREJ): https://lnkd.in/dJ95S5ND #AffordableHousing #CommunityRevitalization #HistoricPreservation #BlueHubCapital #WinnCompanies #ImpactInvestment #NEREJ