Brian A. Hudson, Sr.
Executive Director and Chief Executive Officer | Pennsylvania Housing Finance Agency
Brian A. Hudson, Sr. is the executive director and chief executive officer of the Pennsylvania Housing Finance Agency. Formerly the Agency’s deputy executive director and chief financial officer, 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 general public.
Mr. Hudson began his PHFA career as a staff accountant in 1975. He held progressively more responsible posts, including manager of investments and director of finance. He became assistant executive director of finance and administration in 1989, and was promoted to deputy executive director and chief financial officer of the Agency in 1995.
Mr. Hudson holds a bachelor’s degree from the Pennsylvania State University, and is a Certified Public Accountant and a Certified Treasury Professional. He serves on the boards of the National Council of State Housing Agencies, the Commonwealth Cornerstone Group, the Federal Home Loan Bank of Pittsburgh, and the National Housing Trust. He also was a former member of the Consumer Advisory Council of the Federal Reserve Board.
The Agency is the Commonwealth’s leading provider of capital for affordable homes and apartments, and is one of the largest housing agencies in America. Since its creation in 1972, PHFA has generated more than ten billion dollars of funding for more than 150,000 single family mortgage loans and 85,000 rental units, and has saved the homes of 46,000 families from foreclosure. It is governed by a 14-member board, which includes the State Treasurer, members appointed by the Governor and members appointed by the leadership of the Pennsylvania Legislature. The Secretary of Banking is the Chairman.
PHFA is self-sufficient, selling securities to investors across the nation in order to fund its programs and operations. The organization does not rely on taxpayer dollars to conduct business, making financial viability an extremely important factor in its existence.