BuddyPress.org

@ivailoski please contact theme author as that is a premium theme which would require us to purchase it first to assist you.

My best guess would be to open up a home.php file in your theme, make a copy of it to be safe e.g. home-original.php, open up home.php and delete the section which would probably a featured div or something like that. Reupload to theme’s folder in server. If you deleted the correct div block, then all’s well. If something goes wrong, replace the mucked up home.php with the copy you made of it.