BlueHub Capital is at the forefront of climate lending, seamlessly integrating it into its mission to support communities. Dick Jones, President of BlueHub Energy, and Karen Kelleher, President of BlueHub Loan Fund, sat down with Opportunity Finance Network (OFN) to discuss their approach and the future of climate lending at BlueHub.
Jones explained, “We’ve never really distinguished green or climate lending from our other lending. It’s rooted in our mission to support our communities.”
Kelleher added, “We identify the players who are innovating and aligning their tools with community needs, creating resiliency, and driving public policy to make investments happen.”
BlueHub’s electric vehicle (EV) pilot program, in collaboration with Codman Square Neighborhood Development Corporation, Fermata Energy, and Enterprise, launched at Girls Latin Apartments in Dorchester, Massachusetts, exemplifies an innovative approach.
This first-in-the-nation program collaborates with local utility companies and community-based organizations to bring low-income communities into the EV transition. The program provides EV charging infrastructure and uses battery storage as a clean energy source for the apartments when the vehicle isn’t in use.
This initiative reflects BlueHub's broader strategy of leveraging clean energy technology to address the needs of the communities it serves. As climate change intensifies, these needs evolve, and BlueHub is committed to adapting and innovating to meet these challenges.
OFN and its members, including BlueHub, celebrate the historic Greenhouse Gas Reduction Fund awards, which will provide catalytic capital to CDFIs. This funding is poised to significantly impact rural, urban, and Native communities, fostering job creation, energy savings, and disaster preparedness.
Learn more about BlueHub Capital’s climate lending initiatives and their impact on community revitalization in the full Q&A with OFN: Climate Lending Is Embedded in CDFI’s Mission: Q&A with BlueHub Capital.