American Cities, Social Investment Practice
In 2017, Kresge’s Social Investment team made a $3 million guarantee to BlueHub Capital to back a program called SUN, or Stabilizing Urban Neighborhoods, which helps homeowners facing foreclosure stay in their homes. The Kresge guarantee helped SUN apply for and receive a $100 million loan from the federal CDFI Bond Guarantee Program. In a new case study, learn how and why Kresge made this investment, how this guarantee will help to expand the successful program to new cities, and the key considerations that Kresge staff weighed in structuring this deal.
Environment, Health
Social Investment Practice