We continue to support borrower resilience and build strength — internally and externally. In our rapidly changing world, resilience and strength are more important than ever.

In 2024, BlueHub Loan Fund lent $137.8 million — one of its best years yet. BlueHub Loan Fund also closed its second public bond issuance of $86.8 million. The Loan Fund’s innovative and flexible capital for real estate projects expanded access to affordable housing, healthcare, education and other critical services in low-income communities.

BlueHub SUN is, still, the only nonprofit in the nation offering a new first mortgage to families facing foreclosure and has now served more than 1,200 families. A major achievement in 2024: the Massachusetts legislature passed a law codifying the use of shared appreciation mortgages by nonprofits like BlueHub SUN, enabling SUN to continue offering meaningful foreclosure relief. In this report, you’ll meet SUN homeowners Jeannie and Robert — models of resilience — who avoided eviction and are building generational wealth for their families.

In late 2024, One Percent for America — our newest nonprofit that offers 1% interest loans to immigrants for naturalization fees — paused lending to update systems to meet high demand. Our goal: to continue to support immigrants, like Rene from Chicago, whose powerful story about his path to US citizenship is highlighted in this report.

Resilience and adaptability are key to financing large projects. New Markets Tax Credits offer a unique tool to bridge funding gaps, and this report details two compelling New Market Tax Credit projects — Franklin Cummings Tech in Roxbury, MA and Kids’ Meals in Houston, TX.

In early 2025, we bid farewell to two retiring team members. DeWitt (Dick) Jones, our first employee and a pioneer in climate lending, retired from his post as President of BlueHub Energy after nearly four decades at the organization. His leadership was instrumental in advancing affordable clean energy solutions for low-income communities. With his departure, we’ve transitioned our renewable energy work to the Loan Fund to ensure continued support for sustainable development. Lisa Zappala, Executive Vice President of Finance and former Chief Financial Officer (CFO), not only played a leading role in securing the funding that propelled BlueHub’s expansion over her 19-year tenure, she also introduced BlueHub to the capital markets and helped assure the safety and soundness of our lending.

We welcomed Jackie Barry Hamilton as our new CFO and Monica Sevy as our first-ever Chief Information Officer (CIO) in 2024. Jackie and Monica are leading the charge to assure that BlueHub’s systems evolve to support our robust growth. That means understanding the role of AI in our work and enhancing automation to allow our staff to focus on uniquely human tasks. Their leadership will help guide BlueHub into our next chapter of innovation and progress. Read more about Dick, Lisa, Jackie and Monica.

In times of change, BlueHub remains a source of stability. We do not know what the future holds, but we do know this: BlueHub will continue to protect the values we share and work to strengthen the families and communities that depend on us. Your support continues to be critical as we pursue our mission of building healthy communities where low-income people live and work.

Onward,

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ELYSE D. CHERRY
CEO, BlueHub Capital