Impact Stories

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Housing

Northgate One Apartments

Borrower
Hudson Valley Property Group
Location
Camden, NJ
Financing Used For
Acquisition and Rehabilitation
Loan Amount
$10 million
Loan Length
12.5 Years
Partner(s)
Reinvestment Fund
Northgate One Apartments will be revitalized into a modern, affordable housing complex. Several partners are coming together to enhance affordable living in the 321-unit complex. Supported by NJEDA tax credits and a new 20-year Section 8 contract, this project ensures long-term, low-income housing without displacing current tenants, embodying a significant step in Camden's urban redevelopment and community-focused initiatives.

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Zipcar

Venture Fund
Borrower
Zipcar
Location
Boston, MA
BlueHub was an early investor in Zipcar, now a household name known for reducing carbon emissions through car sharing.
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Old Colony Public Housing Development

Clean Energy
Borrower
Old Colony
Location
South Boston, MA
Financing Used For
Solar Panels
BlueHub financed the installation of solar panels on the Old Colony public housing development in South Boston, adding a solar element to these new energy-efficient buildings.
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St. Polycarp Village Solar

Clean Energy
New Markets Tax Credits
Location
Somerville, MA
Financing Used For
Solar Panels & Installation
Every penny counts when creating and maintaining affordable housing. This development tapped into BlueHub’s expertise and financing to add solar panels to its roof, and lower its energy costs.
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Bornstein & Pearl Food Production Center

Commercial Real Estate
Borrower
Dorchester Bay Economic Development Corporation
Location
Boston, MA
Financing Used For
Acquisition & Construction
Loan Amount
$7.5 million
Loan Length
48–90 months
Number of Loans
4
Partner(s)
LISC, Coastal Enterprises, City of Boston
The loan from BlueHub put a light manufacturing facility back to use and supported opportunities for food entrepreneurs.
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Bridge Boston Charter School

Education
Borrower
Bridge Boston Foundation, Inc.
Location
Boston, MA
Financing Used For
Acquisition & Renovation
Loan Amount
$2.8 million
Loan Length
180 months
BlueHub financed the acquisition and renovation of this school building, which was a long-standing critical need for Bridge Boston Charter School. “It is one of the most impactful partnerships the school will ever be part of.”
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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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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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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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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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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.

Main Office

1785 Columbus Ave., 6th Floor
Boston, 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 1785 Columbus Ave., 6th floor, Boston, 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: nmlsconsumeraccess.org.

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