Impact Stories

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Citizenship Financing

One Percent for America borrower Luiz Machado

Borrower
Luiz Machado
Location
Woburn, MA
Luiz and Adeli Machado moved to the United States from southern Brazil primarily to be near their three children, who are naturalized US citizens, and their three grandchildren. They are eager to become US citizens  but finances stood in the way. That is, until they applied for a loan from One Percent for America.
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Direct Actions for Rights and Equality

Foreclosure Relief
Location
Providence, RI
BlueHub SUN partnered with DARE at the height of the foreclosure crisis to provide a practical, long-term solution to let people remain in their homes, as homeowners.
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Horizons for Homeless Children

Commercial Real Estate
Education
Borrower
Horizons for Homeless Children
Location
Boston, MA
Financing Used For
Construction
Loan Amount
$7.8 million
Loan Length
72–120 months
Number of Loans
2
Partner(s)
Eastern Bank, Boston Private Bank
BlueHub financing helped Horizons for Homeless Children construct its own facility, expanding its capacity to serve local youth and putting the organization on a more economically sustainable path.
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Jones County Net-Zero School

New Markets Tax Credits
Borrower
Jones County School District
Location
Trenton, NC
Financing Used For
Construction
Loan Amount
$8 million in New Markets Tax Credits
Partner(s)
AMCREF Community Capital
BlueHub’s New Markets Tax Credit financing helped construct a new net-zero-energy school that returns more energy to the grid than it consumes, and provides a beautiful and healthy learning atmosphere.
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Adams Court

Clean Energy
Housing
Borrower
Nuestra Communidad Corporation
Location
Mattapan, MA
Financing Used For
Solar Panels & Energy Upgrades
Loan Amount
$3 million
By combining energy efficiency and conservation measures with renewable energy, Adams Court is reducing energy use and stabilizing its utility costs.
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Greater Boston Food Bank

Clean Energy
Borrower
Greater Boston Food Bank
Location
Boston, MA
Financing Used For
Solar Panels
BlueHub financed the installation of solar panels on the roof of the Greater Boston Food Bank, allowing them to get green energy for a low, fixed rate and to spend the savings fulfilling their mission.
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Highland Woods

Housing
Borrower
Berkshire Housing Development Corporation
Location
Williamstown, MA
Financing Used For
Preconstruction & Construction
Loan Amount
$10.6 million
Loan Length
12–24 months
Number of Loans
2
Partner(s)
The Life Initiative
When a tropical storm left 300 residents of Spruces Mobile Home Park without a place to live, several local organizations worked together to create new affordable and accessible housing for seniors with low incomes.
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Cable Mills

Housing
Borrower
Mitchell Properties, LLC
Location
Williamstown, MA
Financing Used For
Acquisition, Construction & Rehabilitation
Loan Amount
$8.7 million
Loan Length
36–138 months
Number of Loans
4
Despite a variety of unforeseen difficulties, patient early capital from BlueHub has allowed a set of vacant mill buildings to be transformed into affordable housing units in Williamstown.
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Amos House

Community Facilities
Housing
Borrower
Amos House Community
Location
Providence, RI
Financing Used For
Construction
Loan Amount
$2.4 million
Loan Length
51 months
Amos House offers the best chance out of homelessness. A new headquarters increased the capacity for programming and BlueHub provided technical assistance and a bridge loan to make it happen.
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Healing Abuse Working for Change

Housing
Borrower
Healing Abuse Working for Change, Inc. (HAWC)
Location
Salem, MA
Financing Used For
Permanent
Loan Amount
$135,000
Loan Length
84 months
Emergency shelters for survivors of domestic abuse are critical. In Massachusetts, there is an unmet need for such shelters. A need that HAWC is trying to fill.
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Farm Fresh Rhode Island

Commercial Real Estate
Healthy Food
Borrower
Farm Fresh Rhode Island
Location
Providence, RI
Financing Used For
Construction
Loan Amount
$2.6 million
Loan Length
21–36 Months
Number of Loans
2
By developing a 60,000 square-foot headquarters, Farm Fresh was able to house their current programs focused on expanding access to fresh food by supporting local farmers, and provide manufacturing and retail space for local farm-to-food businesses.

Main Office

10 Malcolm X Boulevard
Roxbury, MA 02119
617-427-8600 | info@bluehubcapital.org

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Mortgage loans are made by Aura Mortgage Advisors LLC, an affiliate of BlueHub Capital. Aura is a licensed mortgage lender (NMLS #23467) and is located at 10 Malcolm X Boulevard, Ground Floor, Roxbury, MA 02119.

Aura is registered and licensed by the CT Department of Banking (ML-23467), DE Office of the State Bank Commissioner (030760), IL Department of Financial & Professional Regulation (MB.6761025), MD Commissioner of Financial Regulation (36-23467), MA Division of Banks (MC23467), MI Department of Insurance and Financial Services (FL0023108), NJ Department of Banking and Insurance, OH Division of Financial Institutions (RM.804639.000), PA Department of Banking and Securities (61391), RI Department of Business Regulation, Licensed Lender, and WI Department of Financial Institutions (23467BA).

For licensing information, go to: www.nmlsconsumeraccess.org.

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