Boston, MA – August 28, 2024—BlueHub Capital, a national nonprofit community development financing organization, announces the hiring of Elizabeth Glynn as its new Senior Vice President of Climate Lending for BlueHub Loan Fund. 

Glynn’s experience in housing and clean energy, as well as her ability to manage complex financial transactions, will enable her to lead and execute on the Loan Fund’s climate lending strategy. BlueHub Loan Fund finances a wide range of real-estate related projects that benefit low-income communities, such as housing, education and childcare facilities, health centers, community facilities and grocery stores; many of these projects integrate clean energy and climate resiliency measures.

BlueHub has a long history of using finance to advance environmental justice. BlueHub has invested over $100 million in renewable energy, energy efficiency and resiliency projects serving low-wealth neighborhoods in the past decade alone. BlueHub Energy, an affiliate of BlueHub Capital, pioneered affordable, third-party solar programs for nonprofits and low-income housing, developing over 7 megawatts of rooftop and community solar facilities and was recognized as a “Solar Champion of Change” by The White House in 2014. BlueHub also co-founded, led and capitalized WegoWise, Inc., a company that provides low-cost utility and carbon tracking and benchmarking data for affordable housing developments. WegoWise, now sold and operating separately, has the largest database of multifamily building utility performance in the world. 

Working with BlueHub Loan Fund President Karen Kelleher and BlueHub Energy President DeWitt Jones, Glynn will build on BlueHub’s success and will expand and accelerate its climate lending program. 

Glynn has spent her career working to increase access to clean energy for low-income communities. As the SVP of Climate Lending at BlueHub Loan Fund, a community development financial institution (CDFI), Glynn will be responsible for developing and scaling a financially sustainable, deeply impactful climate lending strategy; leading the development of loan products that support and advance climate resiliency in low-income communities; and identifying, underwriting and closing loans that advance climate justice and resiliency through solar development, energy efficiency, decarbonization, clean energy generation, and other investments in climate resiliency and/or health. 

“We are very excited to welcome Betsy Glynn to the BlueHub team, not only for her deep expertise in clean energy but also for her commitment to environmental justice,” said Kelleher. “Her addition will boost our technical, strategic and policy leadership capacity and enable us to increase our work fostering resiliency and environmental equity in and for underserved communities.”  

BlueHub Loan Fund originates over $100 million in loans annually and manages $1.2 billion in community development assets, fostering healthy communities where low-income people live and work.

“Throughout my nearly two decades of program management and leadership in the housing and clean energy sectors, my personal mission has been to enable equitable and meaningful opportunities for low-income families to access the benefits of clean energy generation and sustainable, resilient and healthy housing,” said Glynn. “I’m thrilled to join the team at BlueHub and to be able to leverage several specialties I have developed to further its mission.”

Glynn comes to BlueHub from BlueWave, a pioneering renewable energy company that develops and owns solar and battery storage projects. There, as BlueWave’s managing director of offtake, she established BlueWave’s premier community solar customer enrollment and services business for solar investors and led a team that grew client business by more than 1500% over three years. 

Prior to BlueWave, she worked as the northeast regional director for the Center for Sustainable Energy, and as a voting member of the Commonwealth of Massachusetts’s Energy Efficiency Advisory Council. She also previously served as a senior program officer at Local Initiatives Support Corporation (LISC) Boston, a peer CDFI, leading their Green Retrofit Initiative for affordable housing owners.

Glynn earned a Master’s in urban and environmental policy and planning from Tufts University, and graduated from Franklin & Marshall College, earning a Bachelor’s degree. 

Glynn is a member of the board of directors of the Northeast Sustainable Energy Association. 

Since 1985, BlueHub Capital has invested over $2.8 billion — and leveraged over $14.6 billion — to connect people and communities with resources and capital. BlueHub Loan Fund has financed more than 34,000 units of affordable housing, 8.9 million square feet of commercial real estate and community facilities, and financed the construction of school buildings for 86,000 students.