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Funding more places to call home

One quarter of renters in the US have incomes that are at or below the poverty guideline. For every 100 extremely low-income households in this group, only 37 affordable rental homes exist. That’s why we are financing more places to call home.

Inquire about a community development loan

Our housing work

Increasing quality affordable housing is a cornerstone of our mission. Safe, affordable housing of all types is an essential element for individual and family health and economic mobility, as well as for neighborhood and community health and vitality. Our investments have helped build, preserve or enhance over 31,300 units of affordable housing across the country.

Whether in high-cost cities like Boston, New York and Los Angles, or in central Texas, the northside of Memphis or rural western Massachusetts, the projects we finance expand the supply of safe, affordable, quality housing for individuals and families with a diverse set of circumstances. Project types include:

  • Affordable multi-family housing projects
  • Affordable multi-family senior housing projects
  • Affordable homeownership opportunities
  • Mixed-income housing projects
  • Temporary housing for people experiencing homelessness
  • Permanent supportive housing projects
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Roshun Austin, President/CEO of The Works, Inc. at the site of Renaissance at Steele, an affordable housing development in Memphis, TN. 
Photo by Steve Jones

What we offer

We are creative, accessible, relationship lenders.

At BlueHub Loan Fund, we customize our financing to match the needs of each borrower and project. We are life-cycle lenders, supporting projects throughout their development cycles, from early-stage predevelopment and acquisition financing, to permanent loans for stabilized buildings, and every financing need in between. We also provide technical assistance when and where it is needed to help affordable housing projects access financing.

We offer a full range of flexible loan products for affordable housing projects, including:

BlueHub Loan Fund helps with financing for real estate acquisition in connection with the development of affordable housing.

We often combine an acquisition loan with a predevelopment loan to allow borrowers to advance the design of their project while they secure the complete project funding.

We will consider loan amounts that approach or even exceed 100% of the value of the collateral.

When the cash coming in from committed project sources does not align with the construction schedule or funder requirements, BlueHub Loan Fund can help with a bridge loan.

BlueHub Loan Fund provides short-term financing for construction, advancing funds into the project monthly after work has been completed and reviewed.

BlueHub Loan Fund works with developer partners to design financing that helps move affordable housing projects forward.

This financing targets nonprofit organizations and real estate development companies owned by women and people of color.

BlueHub Loan Fund can support the development of project pipelines with credit facilities that can be drawn for acquisition and preconstruction expenses.

BlueHub Loan Fund can provide longer-term financing for occupied properties that is supported by the net operating income of the development.

Once a borrower has a feasible project program (unit mix, affordability levels, likely subsidy sources identified), a project timeline, and control of their site, BlueHub Loan Fund can fund a large portion of the up-front costs related to work with architects, lawyers and engineers to advance the development to construction closing.

BlueHub Loan Fund can provide debt behind senior bank financing when a project has sufficient cash flow and value to support additional debt.

“There are always curveballs in these types of deals. BlueHub Capital has been very accommodating, helping work out tricky financial issues. They are a pleasure to work with.”

Elton Ogden President, Berkshire Housing & Development Corp., Pittsfield, MA

Who we partner with

BlueHub Loan Fund provides financing to large and small nonprofit and for-profit developers across the country who are building, preserving or enhancing quality affordable housing projects, including:

Our impact in housing


Units of affordable housing built, preserved or enhanced


Invested in affordable housing, supportive housing and shelters


Average loan size for housing projects

Contact Us

To inquire about a loan for a community development project, please complete the form below. Please note that we do not provide small business loans.

Inquiry Form

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Meet our experts

Elisabeth Davis

Vice President of Commercial Lending Community Development Financing | BlueHub Loan Fund

Elisabeth develops loan products to meet evolving needs of community development projects in underserved areas across the country.

Karen Kelleher

President Community Development Financing | BlueHub Loan Fund

Karen is responsible for the impact, financial performance, portfolio quality and strategic direction of BlueHub Loan Fund.

Ena Kumar

Vice President of Commercial Lending Community Development Financing | BlueHub Loan Fund

Ena manages all aspects of providing commercial lending services to a diverse portfolio of BlueHub Loan Fund borrowers nationwide.

Fortunatus Mbeteni

Vice President of Lending Community Development Financing | BlueHub Loan Fund

Fortunatus manages all aspects of providing debt capital to a diverse portfolio of borrowers nationwide.

Michael Nilles

Senior Vice President, Team Leader Community Development Financing | BlueHub Loan Fund

Mike markets BlueHub Loan Fund to potential borrowers, underwrites loan requests and conducts ongoing portfolio management.

Ron Wong

Vice President of Lending Community Development Financing | BlueHub Loan Fund

Ron manages all aspects of providing debt capital to a diverse portfolio of borrowers nationwide.

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