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Summer 2022 Update
A once-in-a-generation opportunity to rework the workplace
Insight from Elyse D. Cherry, CEO of BlueHub Capital
With all the uncertainty and questions surrounding the future of work, one thing is certain: the COVID-19 pandemic reset the format of the workplace. BlueHub reopened its office in April after two years of remote work, and we are now successfully operating on a hybrid schedule. But that tactical decision to return to the office isn’t the end of the conversation.
Workplace habits and rules were developed in a very different time when many women were excluded from the workplace and many families had only one working parent. Traditional work structures were not developed with women’s interests in mind. We saw millions of women leave the job market during the pandemic as they were left with the near-impossible task of balancing childcare and full-time jobs.
If we want to address these issues, why would we limit ourselves to simply tweaking what exists? Read more.
Be well,
Elyse D. Cherry
BlueHub receives $7 mil in Capital Magnet Funds
BlueHub Loan Fund will receive $7 million in Capital Magnet Funds (CMF) from the US Department of Treasury’s Community Development Financial Institutions Fund (CDFI Fund). The grant will enable BlueHub Loan Fund to expand financing for affordable housing in low-income areas nationwide.
The award accelerates BlueHub Loan Fund’s efforts to address the lack of access to affordable housing for very and extremely low-income residents, including seniors and individuals with health challenges, and housing that offers supportive services for residents. A portion of BlueHub’s award will support job-generating commercial projects led by community members, community health centers, vocational colleges and other educational facilities. Read more.
In the News: One Percent for America
One Percent for America (OPA), BlueHub's newest nonprofit initiative working to remove financial barriers to US citizenship, earned significant media coverage after launching its low-interest loan option to pay for citizenship fees.
The New York Times' DealBook highlighted a survey conducted by OPA on how naturalized citizens have been paying citizenship fees with high-interest options like credit cards and payday lenders.
Impact Alpha calls OPA "a simple and practical fix to unclog the immigration pipeline and enhance livelihoods."
Read more coverage from Univision, El Diario, Bloomberg and more.
We are hiring!
BlueHub Loan Fund President
BlueHub Capital is seeking an experienced, innovative and mission-driven Loan Fund President to lead BlueHub Loan Fund into its next chapter of growth and impact. As a key member of BlueHub Capital’s senior management team, the Loan Fund President will oversee the community development lending activities of BlueHub Capital and contribute to the broader strategic direction of BlueHub Capital. Now accepting nominations and applications.
More new positions:
- Marketplace Account Manager, One Percent for America
- Mortgage Loan Officer, BlueHub SUN
- Portfolio Analyst, BlueHub Loan Fund
- VP of Commercial Lending, BlueHub Loan Fund
Congratulations to...
BlueHub Loan Fund team member Ebonié Smith-Cooper who was promoted to Loan Operations and Servicing Manager in April!
Borrower Spotlight: SUN Homeowners Jettie & Jacquelyn Cooper
After a series of medical emergencies that resulted in heart and kidney transplants just three years apart, Jettie Cooper found himself behind on the mortgage of the Chicago home he shares with his wife Jacquelyn.
They owed more than the home’s appraised value of $124,000. In October 2021, the Coopers were able to secure a new affordable mortgage from BlueHub SUN. They saved a significant $101,975 — 57% — off their principal balance and the monthly payments were reduced by $1,159.
“BlueHub did what they said they would do,” says Jettie. “I have already begun paying a mortgage that we can handle with no problem. We are so thankful.”
