B
oston—BlueHub Capital's affiliate, BlueHub Loan Fund, a national nonprofit community development financial institution (CDFI), has received over $3.8 million in funding from the US Treasury's CDFI Fund. This award is part of a larger grant program that saw 357 organizations receive a total of $408.2 million.

    BlueHub Loan Fund connects low-income communities with flexible financing to promote equitable economic opportunity. It provides loans for affordable housing, community health centers, schools, grocery stores, and other essential assets across the US. With this funding, BlueHub will expand its reach and address the challenges faced by low-income communities it has served for nearly 40 years.

    "This award recognizes our commitment to creating wealth and opportunity in underserved communities," said Elyse Cherry, CEO of BlueHub Capital. "It will enable us to deliver more capital to transformative real estate projects that benefit low-income individuals."

    BlueHub focuses on lending in low-income areas where flexible capital is scarce. It offers loan products tailored to fill financing gaps other lenders can't address. The organization specializes in early-stage investment and brings high-impact projects from concept to completion.

    The CDFI Fund awards include:

    * $1,350,000 for Healthy Food Financing Initiative-Financial Assistance to support grocery stores and retail providers in food deserts.

    * $1,250,000 for Financial Assistance to increase lending volume in core markets across the country.

    * $750,000 for Disability Fund-Financial Assistance to expand affordable and accessible housing options amid rising homelessness and housing costs.

    * $485,000 for Persistent Poverty County-Financial Assistance to support lending in counties with high instances of poverty.

    BlueHub Loan Fund is rated 'A+' by S&P Global Ratings.