BlueHub Capital's SUN Initiative Reaches 10-year Milestone Helping Homeowners in Foreclosure, Stabilizing Neighborhoods
Retrieved on:
Tuesday, January 21, 2020
Since its inception a decade ago, the SUN (Stabilizing Urban Neighborhoods) Initiative from BlueHub Capital has allowed individuals facing foreclosure and eviction in seven states to remain in their homes.
Key Points:
- Since its inception a decade ago, the SUN (Stabilizing Urban Neighborhoods) Initiative from BlueHub Capital has allowed individuals facing foreclosure and eviction in seven states to remain in their homes.
- "We founded SUN because we were concerned about the destabilizing effects of foreclosure in neighborhoods, particularly low-income neighborhoods," said Cherry.
- So, by reducing the number of foreclosed homes, we helped stabilize values in the neighborhoods hence our name Stabilizing Urban Neighborhoods."
- As a nonprofit, the SUN Initiative reinvests its proceeds into helping other homeowners and to helping to build healthy communities where low-income people live and work.