BlueHub Capital

?? ANNOUNCEMENT: Monica Sevy has been named BlueHub’s first Chief Information Officer (CIO)! Monica has served as CIO at several nonprofit and advocacy organizations over her career and has ample experience developing IT and security strategies. "Monica's proven track record in leading IT transformations and building partnerships will help BlueHub better serve our staff, partners and communities," said CEO Elyse Cherry. Monica will work closely with Cherry and the executive team to implement a comprehensive IT vision for the organization. "I believe effective IT leadership starts and ends with listening," said Sevy. "I’m excited to bring BlueHub to the next level by making the workplace more collaborative and efficient." Welcome, Monica! Read more about Monica's background and experience: https://lnkd.in/ezr75MBk #NewHire #CIO #TechnologyLeadership #CDFI #BlueHub #CommunityDevelopment

Foreclosure rates showed a significant decline in August 2024. According to recent data from ATTOM, foreclosure filings dropped 5.3% in August compared to the previous month and are down 11% from August 2023. This continues a trend of foreclosure activity remaining well below pre-pandemic levels. Key Stats: ?? Foreclosure starts down 5.1% from July and 9.4% year-over-year ?? Completed foreclosures fell 12% month-over-month and 13.9% from August 2023 ??? 1 in every 4,662 homes had a foreclosure filing in August 2024 The foreclosure market remains far healthier than pre-pandemic levels, with significant decreases compared to 2019 averages. For more detailed insights into foreclosure trends and what’s driving these changes, check out our blog post: https://lnkd.in/eXyTtq9w #Foreclosure #RealEstate #HousingMarket #Homeowners #FinancialTrends #MarketInsights #ATTOM

BlueHub Loan Fund has received $3.8 million in Financial Assistance awards from the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund)! We're honored to be 1 of only 2 organizations to receive funding in all four funding categories from a pool of 357! This funding will help us continue expanding access to affordable housing and other critical assets in under-resourced communities. Awards: $1.35M for Healthy Food Financing Initiative ?? $1.25M Base Financial Assistance ?? $750K for Disability Funds ?? $485K for Persistent Poverty Counties ??? We're excited to deepen our impact, building opportunities and creating lasting change for low-income communities across the U.S. Full award details: https://lnkd.in/dxGuzPKw #BlueHub #CDFIFund #AffordableHousing #EconomicOpportunity #CommunityDevelopment #InclusiveEconomy #FinancialInclusion #ImpactInvestment #CDFI?

Residents of Brookfield Meadows, a 55+ community in Brookfield, MA, have come together to purchase their 61-home park for $3.9M, securing long-term affordability and stability. Residents of mobile home parks often don't own the land the home sits on. With financing provided by ROC USA, a BlueHub Loan Fund borrower, the residents now have control over their community and future rent increases. "The principal benefit is that our rents will not go up very much in the future," said Gene Fry, president of the Brookfield Meadows Park Association. This purchase allows the residents to manage their housing costs, ensuring financial security and stability for years to come. ?? Learn more about this inspiring story in the Worcester Telegram & Gazette: https://lnkd.in/ewdk6Bsz #AffordableHousing #ResidentOwnership #CommunityDevelopment #BlueHubCapital #ROCUSA #BrookfieldMeadows #HousingAffordability

As the Director of #SpringfieldNoOneLeaves, a grassroots organization fighting displacement and housing inequality, Rose Webster-Smith is a dedicated advocate for housing justice. But in 2011, she faced a personal battle—her own home was in foreclosure after the 2008 financial crash. Determined not to lose the place her family called home, Rose turned to BlueHub SUN. With our support, she fought back and reclaimed her home. ??? “I know every day that I wake up that it’s my house again, and the sheriff isn’t coming,” said Rose. Watch the full video of Rose’s inspiring journey and learn how BlueHub SUN is helping families like hers stay in their homes. #ForeclosureRelief #Foreclosure #Eviction #HousingJustice #CDFI #Homeownership

?Historic mill building ?? an all-electric community. The historic Stone Mill Lofts is one of the first all-electric, mixed-income communities in Massachusetts, led by long-time borrower #WinnDevelopment. This project transformed a 179-year-old mill into 86 energy-efficient homes, advancing the City of Lawrence’s housing and climate goals. “The origin story of the City of Lawrence comes full circle today as we unveil a beautifully restored 19th century manufacturing landmark that is now fully equipped with 21st century energy-efficient building systems,” said Larry Curtis, President and Managing Partner of WinnDevelopment. “Thanks to our partners, this two-year construction effort has delivered much-needed mixed-income housing for households who will help write the next chapter in the Lawrence success story.” Read the full story in #BostonRealEstateTimes: https://lnkd.in/e5bb5-7J. #AffordableHousing #HistoricPreservation #SustainableDevelopment #AllElectricLiving #BlueHubCapital #LawrenceMA #CommunityRevitalization #CleanEnergy #AdaptiveReuse #WinnDevelopment

?? Congratulations to our CEO, Elyse Cherry, for being named to the Power 50 list by the Boston Business Journal! This year's Power 50 represents “The Movement Makers” – the individuals in the Greater Boston business community who are taking a stand, creating change, and taking actionable steps to work together to make Boston continue to grow as a place for equity, inclusion and diverse points of view. As BlueHub approaches its 40th anniversary in 2025, the impact of the organization under Elyse’s leadership is clear—healthier neighborhoods with more affordable and stable housing, quality schools, grocery stores, cultural facilities and health centers. Elyse has a foot in many worlds, and she uses her multiple connections and passions to advance equity for all, both inside and outside of BlueHub. Read Boston Business Journal’s full list of honorees: https://lnkd.in/eEJbbj6F #Power50 #BostonBusinessJournal #Leadership #Equity #Inclusion #BostonBusiness

?? Lending Milestone: $3 billion lent to build healthy communities where low-income people live and work! Since 1985, BlueHub has been committed to advancing economic and social justice by addressing the needs of the communities we serve. Through innovative financial tools, we deploy capital to strengthen neighborhoods and help create more vibrant and resilient places to live. Building healthy communities takes a variety of stakeholders working together, all united by a shared vision of creating opportunities and improving lives. Together, we’ve extended the boundaries of what’s possible, bridging gaps in finance and ensuring that every dollar lent makes a lasting impact. #MilestoneAchieved #3Billion #BlueHubCapital #GrowthJourney #InvestmentMilestone

This week, our #BlueHubCapital team joined Community Servings, a long-standing borrower, for an incredible day of service. This nonprofit provides over 20,000 medically tailored, scratch-made meals each week to individuals and families facing chronic and critical illnesses across Massachusetts. We helped chop chicken, package the sides and pack meal bags for those in need. It was an inspiring day filled with teamwork, connection and the shared purpose of giving back. We're grateful to the Community Servings staff for guiding us through the meal prep process and allowing us to contribute to such an impactful cause. ?? #CommunityServings #HealthEquity #CorporateVolunteering #FoodSecurity #Teamwork

?? BlueHub borrower Horizons for Homeless Children is stepping up to meet the growing needs of families affected by the migrant crisis by expanding their services and creating playrooms in overflow shelters. These spaces provide children experiencing homelessness with a safe environment to learn, play and prepare for kindergarten. Horizons for Homeless Children supports over 225 children, offering key early education and emotional care to help mitigate the developmental delays caused by homelessness. ?? WBZ | CBS Boston recently highlighted Horizons' incredible work in supporting these families during challenging times. Learn more about their efforts: https://lnkd.in/ezJruQ_K #BlueHubCapital #CommunityDevelopment #EarlyEducation #SupportServices #ChildDevelopment #CBSBoston