Brian A. Hudson, Sr. is currently Executive Director and CEO at Pennsylvania Housing Finance Agency (PHFA). Mr. Hudson took over the PHFA reins on July 1, 2003, following his appointment to the post by unanimous approval by the agency’s Board of Directors. His major responsibilities involve developing and implementing program initiatives as well as providing guidance for the Board, and for maintaining relationships with the Administration, the State Legislature and Congress, business and advocacy partners, the financial community and the public. He was previously the PHFA’s deputy executive director and chief financial officer beginning in 1995.
The PHFA is Pennsylvania’s leading provider of capital for affordable homes and apartments, and is one of the largest state housing agencies in the United States. Since its creation in 1972, PHFA has generated more than $13 billion of funding for more than 167,000 single-family mortgage loans and 133,000 rental units, and has saved the homes of nearly 49,000 families from foreclosure. PHFA raises capital by selling tax-exempt and taxable securities. It is governed by a 14-memer board, which includes members appointed by Pennsylvania’s governor and members appointed by the leadership of the Pennsylvania Legislature.
Mr. Hudson holds a bachelor’s degree from the Pennsylvania State University, and is a Certified Public Accountant and a Certified Treasury Professional. Mr. Hudson currently serves as director on the Board of Erie Indemnity Company and chair of the Audit Committee, chairman of the Commonwealth Cornerstone Group and board director for the Milton S. Hershey Medical Center. Mr. Hudson is past president and current board member of the National Council of State Housing Agencies and a former member of the board of the National Housing Trust. He’s also the former chairman of the Audit Committee of the Federal Home Loan Bank of Pittsburgh and a former member of the Consumer Advisory Council of the Federal Reserve Board. Mr. Hudson has been on the Company’s Board since 2017 and his present term expires in 2020.