Investing in People and Communities for an Equitable and Inclusive Future.
BlueHub Capital—formerly known as Boston Community Capital—is a national mission-driven nonprofit organization dedicated to building healthy communities where low-income people live and work.
Why BlueHub Capital
BlueHub Capital’s mission—to help build healthy communities where low-income people live and work—has not changed since our beginnings in the mid-1980s; but our footprint has—from our early focus on Boston’s neighborhoods, to the Commonwealth of Massachusetts and, then to the United States.
The original idea of a blue economy first emerged more than a decade ago. In its current 3.0 incarnation, the blue economy seeks to marry creativity, innovation and entrepreneurship to create economic benefit for all the people and communities we serve. We participate in blue economy goals by using our financial innovation expertise to create affordable housing and community facilities that reflect the needs and interests of community residents, to provide new mortgages to homeowners in default or foreclosure, and to promote job creation, sustainability and resiliency. The idea of the blue economy assures that our economic thinking continues to focus on achieving an equitable prosperity that includes low-income people and communities.
The values of the Blue Economy 3.0 reflect our values. Our name reflects our aim of remaining true to our mission and to our values while embracing our expanded geography.
Racial and economic equity are enduring values at BlueHub. In fact, BlueHub was founded to address damage wrought by decades of predatory lending practices and other discriminatory policies that resulted in racially and economically segregated communities. Our work today targets low-income individuals and communities that have been systematically denied access to capital.
Our mission is grounded in the belief that everyone, including and especially low-income people, is entitled to live in a safe and economically vibrant neighborhood that offers affordable and stable housing, good jobs and high-quality schools and services. We accomplish this mission by providing financing for many of the essential elements that constitute a healthy community - housing, education, healthcare, healthy food access, and economic and environmental vitality.
The low-income people BlueHub was founded to serve are disproportionately people of color and women. Reducing this enduring economic inequality is at the heart of why we do the work that we do. Over its 35-year history, BlueHub Capital has invested over $2 billion and leveraged an additional $10 billion in communities where low-income people live and work.
What we do
We reinvigorate our communities by financing affordable housing, child and youth programs, schools and health care facilities; renovating commercial real estate in distressed neighborhoods; introducing solar power to help contain energy costs of low-income families; and lending to home owners facing the threat of foreclosure.
BlueHub Capital’s effectiveness relies on our network of strong relationships in the communities we serve as we bring national resources that support local projects.
We raise and deploy capital from institutions, government and individuals to support projects that create opportunities in low-income communities. Since our founding in 1985, we have invested over $2.2 billion in projects and have leveraged over $11 billion in public and private investment in underserved communities nationwide.
Through our three main affiliates, BlueHub Capital offers a broad range of innovative financial tools united by a common purpose: connecting low-income communities with the resources and capital they need to thrive:
BlueHub Loan Fund: Lending for community and economic development.
BlueHub Loan Fund has invested over $1.5 billion to support low-income communities, creating and preserving over 26,500 units of affordable housing, 16,900 jobs, healthcare services for more than 197,700 patients, and education and daycare for more than 71,500 children. Read more.
BlueHub SUN: Foreclosure prevention through mortgage lending.
BlueHub SUN is licensed in seven states and has helped over 1,170 families facing foreclosure to keep their homes. Read more.
BlueHub Energy: Development of energy resiliency and renewable energy in low-income communities.
BlueHub Energy has developed seven megawatts of solar power for affordable housing developments and nonprofits; enough to power more than 1,000 homes annually. Read More.