Hudson has recently established an affiliate, Hudson Affordable Housing LLC (Hudson Affordable), to focus exclusively on the development of affordable and low income housing.

Affordable housing has been one of Hudson’s primary activities since the company’s founding in 1986.  We have developed over 2,000 units of affordable housing sponsored by the New York City Housing Partnership and the New York City Department of Housing Preservation and Development (HPD).  In addition, the firm has developed “80/20” mixed income rental buildings financed by the NYC Housing Development Corporation (HDC) and the NYS Housing Finance Agency (HFA).

Hudson Affordable will build upon this track record to develop all types of affordable housing:

• multifamily rental, homeownership and supportive housing
• low, moderate and mixed incomes
• tax credits, tax exempt bonds, and state and local capital funds
• joint ventures with nonprofit CDC’s and service providers

Hudson Affordable is directed by Michael Wadman, who has extensive experience financing all types of affordable housing. As Senior Vice President at the New York State Housing Finance Agency (HFA) and Affordable Housing Corporation (AHC) from 1999 to 2004, Michael was responsible for originating over $3.3 billion of bond, mortgage and subsidy financing for over 20,000 units of housing throughout New York State.