Partners closed a $747,630 participation in a $7,100,000 increase and extension of an existing $9,500,000 non-revolving bridge loan for Make the Road New York with CDFI partner BlueHub. This loan is Partners seventh with BlueHub.

MRNY is a community-based nonprofit with a 20-year track record of serving the immigrant population in New York. The organization offers various services, including adult education, youth programming, legal support, and assistance enrolling for food stamps and healthcare. The loan will fund MRNY’s new headquarters building.
This project will consolidate its Queens, NY, operation under one roof, including office space, classrooms, a commercial kitchen, and an auditorium. The consolidation will lower operating expenses, free up cash flow to expand services, and increase the number of low-income and immigrant New Yorkers served.

Impact Highlights: Hispanic Led Board, Adult Literacy and Education, Civic Engagement, Education Equity, Sustainable Development, Community Programming

UN Sustainable Goals: 1 - No Poverty, 2 - Zero Hunger, 4 - Quality Education, 10 - Reduce Inequalities