BlueHub Loan Fund

BlueHub Loan Fund provides financing for affordable housing, education, healthcare and economic and environmental vitality – key elements to creating healthy communities. As a national, certified Community Development Financial Institution, we partner with other nonprofits, government and developers to connect low-income communities with capital that generates economic opportunity and stability.

Racial and economic equity are enduring values at BlueHub Capital: We believe that everyone is entitled to live in a safe and economically vibrant neighborhood that offers affordable housing, good jobs and high-quality schools and services.

BlueHub Loan Fund is rated A- with a stable outlook—signaling strong credit worthiness—by S&P Global Ratings. Read S&P's Summary Report on the Loan Fund here

How BlueHub Loan Fund Builds Healthy Communities­

Since 1985, BlueHub Loan Fund has made loans totaling over $1.5 billion to enhance the lives of individuals and families.

We build healthy communities by financing a broad range of projects:

  • Affordable Housing: 26,500+ units built, preserved, or enhanced
  • Healthcare: Facilities offering a comprehensive range of care to 197,700+ patients
  • Childcare: Facilities serving 18,800+ children
  • Education: Schools and youth programs serving 52,600+ students
  • Commercial Real Estate and Community Facilities: Development of over 6.5 million square feet of commercial real estate and community facilities
  • Jobs: Over 16,900 jobs created or retained since 2012
  • Healthy Food Retail: Facilities serving over 1.7 million customers annually
  • Sustainability: Collaboration with BlueHub Energy to bring energy resilience and cost savings to low-income communities 

We customize our financing to match the unique needs of each borrower and project, and offer a range of loan options:

  • Predevelopment
  • Acquisition
  • Construction
  • Permanent
  • New Markets Tax Credits Leverage Lending
  • State Tax Credit Intermediary Lending
  • Bridge Loans  

An Accountable and Trusted Partner

We work with our borrowers to ensure that our financing delivers powerful and positive benefits in the community.

For more than thirty years, we have asked questions that maintain our commitment to both the communities we serve and our financial partners:

  • Who does this project benefit?
  • Does this project have strong community support?
  • Will this project inspire future investment that benefits low-income community members?
  • Is the impact significant? Is the financial risk acceptable?

See Our Coast-to-Coast Impact

Our Investors

BlueHub Loan Fund serves as a vehicle for a wide range of impact investors who want their capital to promote healthy communities. Thanks to hundreds of investors and other partners, BlueHub Loan Fund provides financing that improves equitable access to opportunity.

Our investors include individuals; financial institutions, including other CDFIs; community foundations and religious, academic, and civic organizations; the CDFI Fund; and intermediaries such as the Opportunity Finance Network.

Invest in BlueHub Loan Fund


Meet Our BlueHub Loan Fund Professionals:

Michelle Volpe, Loan Fund President: 617.427.3509 |

Yaritsa Brea, Portfolio Management Analyst: 617.427.3640 |

Elisabeth Davis, Assistant Vice President, Commercial Lending: 617.933.5852 |

Galina Kim, Construction Loan Administration Specialist: 617.933.5876 |

Sarah Kitterman, Senior Vice President: 617.933.5871 |

Mei See Law-Sandson, Senior Vice President, Portfolio Management: 617.933.5863 |

Kathryn McHugh, Senior Vice President: 617.427.3608 |

Michael Nilles, Senior Vice President: 617.427.3676 |

Julie Shea, Assistant Vice President, Commercial Lending: 617.933.5887 |

Ebonié Smith-Cooper, Portfolio Management Analyst: 617.427.4549 |

All BlueHub Capital Staff Bios

Coast to Coast Impact - 28 states



District Of Columbia









New Hampshire

New Jersey

North Carolina

North Dakota



Rhode Island

South Carolina




West Virginia


  • Low-income communities and residents need and are entitled to the same expertise and the same expectations of excellence that are available to their wealthier neighbors.

  • Isolation is the hallmark of unhealthy communities and organizations. We endeavor to stand at the intersection of multiple constituencies and to work to break through silos.

  • Asking the right questions is a root source of leadership. As our world evolves, our questions must evolve.

  • "We must be the change we want to see in the world." -Mahatma Gandhi

  • Since 1985, we have invested more than $2.2 billion to support
    organizations and businesses that benefit underserved communities.