Federal funding through the Inflation Reduction Act and bipartisan infrastructure law is here, aimed at making clean energy accessible to all, as detailed in an op-ed in Next City. But it’s up to cities to ensure these investments truly benefit low- and moderate-income communities. We agree! Washington, D.C. offers no-cost electrification upgrades and pairs them with its Solar for All initiative to reduce electricity bills. Seattle's Clean Energy Career Pathway program promotes inclusion and provides hands-on experience in clean energy careers. Nashville requires annual budget equity evaluations and tracks data to ensure equitable implementation of clean energy programs. 📖 Read the full op-ed by Stefen Samarripas of The American Council for an Energy-Efficient Economy (ACEEE) in Next City: https://lnkd.in/e69b9z9u #CleanEnergy #EnergyEquity #Sustainability #AffordableHousing #CommunitySupport
BlueHub Capital
Non-profit Organizations
Boston, Massachusetts 2,769 followers
Investing in people and communities for an inclusive future
About us
BlueHub Capital is a mission-driven, nonprofit community development finance organization focused on building healthy communities where low-income people live and work. We use innovative financial tools and deploy capital to support projects that make communities more vibrant places to live. BlueHub has four distinct programs: BlueHub Loan Fund (community development financing), BlueHub SUN (foreclosure relief), BlueHub Energy (clean energy access) and One Percent for America (citizenship financing). Since our founding in 1985, BlueHub has invested over $2.4 billion (and leveraged over $12 billion) to finance: - Affordable housing, school facilities, child and youth development programs, community-based health centers, grocery stores, and community gathering places - Removing financial barriers to US citizenship - Clean energy enhancements that expand access to solar and other renewable sources for people with low incomes - Mortgage lending for families facing foreclosure Reducing economic inequality is at the heart of why BlueHub exists and why we do the work we do. Our investments focus on economically and racially marginalized communities that have been systematically denied access to capital.
- Website
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http://bluehubcapital.org
External link for BlueHub Capital
- Industry
- Non-profit Organizations
- Company size
- 11-50 employees
- Headquarters
- Boston, Massachusetts
- Type
- Nonprofit
- Founded
- 1985
- Specialties
- Community Development Finance, Foreclosure relief, affordable housing, and mortgage lending
Locations
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Primary
10 Malcolm X Blvd
Boston, Massachusetts, US
Employees at BlueHub Capital
Updates
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🌡️ The National Oceanic and Atmospheric Administration predicted a hotter-than-normal summer season across the country and we're already experiencing those soaring temperatures. We compiled tips on how keep your home cool without breaking the bank--a great resource for housing counselors, affordable housing asset managers and all homeowners. Visit the blog: Stay safe!
Staying Cool This Summer & Power Outage Preparedness
bluehubcapital.org
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🚨 Eviction: A Hidden Health Crisis 🚨 Eviction can significantly impact more than just your finances. Recent research published in Boston.com reveals that being forced out of your home can lead to severe health consequences. In Massachusetts alone, nearly 39,000 evictions occurred in 2023, with over 13,000 cases reported by April 2024. Eviction disrupts lives and increases the risk of premature death by 20-40%. It leads to higher blood pressure, preterm birth and low birth weight, while also causing severe mental health issues like anxiety, depression and PTSD. Displacement tears apart social support systems, increasing homelessness and disease transmission. “A sudden health issue in your family or car crash or any other unexpected problem can snowball into what’s effectively an eviction in a really short amount of time.” — Nick Graetz, Princeton's Eviction Lab 🏠 BlueHub SUN works to prevent eviction by creatively working with homeowners to keep their properties. 📖 Read more about this important issue on Boston.com: https://lnkd.in/ee8ia2Ct #EvictionCrisis #PublicHealth #AffordableHousing #CommunitySupport #MentalHealth
Eviction takes its toll on more than one’s finances
boston.com
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🎀✂️ BlueHub Loan Fund has made its first loan in South Carolina—a $9.5M acquisition and renovation loan supporting Mountain View Prep's transformation of an office building into a dynamic educational institution in Spartanburg, SC. This project benefits 1,000 students in Grades 7-12, focusing on career and technical education. Mountain View Prep’s innovative academic model includes college prep academics, dual enrollment and CTE certifications, all within a state-of-the-art facility that also houses a sports complex. This new hub for learning is dedicated to shaping the next generation of stars in the sports and entertainment industry by combining academic rigor with a passion for athletics. "We are thrilled to support Mountain View Prep with our partners, Building Hope and Charter Schools Development Corporation (CSDC)," said Karen Kelleher, President of BlueHub Loan Fund. "Mountain View Prep will undoubtedly provide students in the Spartanburg community with pathways to college and career development." Read more about the project: https://lnkd.in/eBWSMpXf #BlueHubCapital #MountainViewPrep #SpartanburgSC #Education #CommunityImpact #RibbonCutting #BuildingHope #CSDC
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🚢 Eighteen students from the Boston International Newcomers Academy recently returned from an incredible two-week sailing voyage from Massachusetts to Maine aboard the schooner Denis Sullivan as part of the World Ocean School, a BlueHub borrower. These public school students, all immigrants, “lived like sailors,” hoisting sails, tying knots and steering the ship. This experience with World Ocean School strengthened their leadership and community-building skills. Read more about their journey in the Boston Globe Media. https://lnkd.in/ei59FUQV
Living like sailors, Boston students return from two week schooner trip to Maine - The Boston Globe
bostonglobe.com
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A warm welcome to Ronald Wong, our new BlueHub Loan Fund team member! 🎉👏 As Vice President of Lending, Ron manages all aspects of providing debt capital to a diverse portfolio of borrowers nationwide, primarily focusing on developers of affordable housing and operators of public charter schools and community health centers. We're so excited to have you on the team, Ron! 🏡🏫🏥 #newhire #nonprofit #loanfund #affordablehousing #communitydevelopment #impactinvesting #healthcare #education
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Happy 4th of July! 🎆🗽 Today, we celebrate our nation's independence and recognize the remarkable contributions of immigrants who enrich our country in countless ways. From innovations to cultural enrichment, immigrants have been instrumental in shaping America's past and future. Let's honor their invaluable role in making our nation strong and vibrant. Join us in removing barriers to citizenship with One Percent For America. https://lnkd.in/eGxza_HX #4thOfJuly #ImmigrantContributions #AmericanDream
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📢 What an incredible experience at the National Character School Conference in Boston hosted by The National Alliance for Public Charter Schools! 🎉 BlueHub Capital was proud to sponsor this event that brought together over 4,000 charter school leaders, educators and advocates from across the country. We witnessed inspiring discussions and innovative ideas that will shape the future of public education. 📚 We also had a fantastic time hosting a happy hour with Krokidas & Bluestein LLP to connect with industry peers and foster new relationships. Thanks to our own Ena Kumar and Ronald Wong for spearheading. #NCSC24 #BlueHubCapital #CharterSchools #EducationInnovation #Networking
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💡 Did you know? According to the The Commonwealth Fund, 41% of Americans struggle with medical bills and debt. Deborah and her husband’s story showcases how resilience can triumph over such challenges. It started with a small dot on her husband’s eyelid, leading to a cancer diagnosis and overwhelming medical bills. Despite her steady job, they fell behind mortgage on payments, with their servicer offering no relief. Enter BlueHub SUN. Initially skeptical, Deborah found it to be a beacon of hope. SUN helped them repurchase their home at a discounted rate, easing their financial burden. "It was like a huge weight was lifted," she says. Her advice? "Knowledge is power. Never let anyone belittle your struggle. BlueHub SUN didn’t just help us financially; they helped us breathe again. To anyone feeling overwhelmed, know that there are people who want to help. Finding BlueHub SUN was like finding a beacon in our storm. They were our turning point." ☀️Read her full story: https://lnkd.in/eZKVVTqw #Resilience #FinancialRecovery #BlueHubSUN #ForeclosureRelief
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🎉 Congratulations to Miranda Morrow! 🎉 Miranda Morrow, a valued member of our BlueHub SUN Advisory Board, has been recognized by BestAgents.us as a 2024 Top Agent! Her unwavering commitment to excellence in residential, commercial and development properties is inspiring. Join us in celebrating her outstanding achievement! https://lnkd.in/e2bgexYS #BlueHubSUN #TopAgent2024 #RealEstateExcellence #Congratulations
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