Win clients. Credit: Win

Win

Borrower
Win
Location
Bronx, NY
Financing Used For
Predevelopment
Loan Amount
$500,000
Loan Length
36 months
Partner(s)
Corporation for Supportive Housing (CSH)

As Amy Lu, Project Manager for Win, the largest provider of shelter and supportive housing for New York City’s homeless families, succinctly states, “New York City has a constant need of housing for people experiencing homelessness.”

Win received an early-stage, predevelopment loan for two buildings in the Bronx — a 95-unit transitional housing facility for families, and a 223-unit permanent housing building with 133 units reserved for permanent supportive housing and 90 units of affordable housing. Lu describes the project as an opportunity for Win to scale the work they have long been doing, providing wrap-around services for their residents. “This encompasses all of what we provide at Win,” she says. She also speaks of the value of co-locating the two housing types. “Being in community, having the chance to move from one housing type to the other in the same location is far less trauma-inducing. Residents see the same faces, they know the neighborhood, they retain a level of comfort.” She is also grateful for BlueHub’s $500,000 loan.

“Without having lending partners like BlueHub, a nonprofit like ours would have significant challenges self-developing a project of this size.”