Since its founding in 1986, The Hudson Companies (Hudson) has grown into a leading developer of housing across all market segments in the New York Metropolitan Area. With more than 6,400 residential units completed and over 5,000 in the pipeline, Hudson’s work reflects a lasting commitment to creating homes that meet the diverse needs of New Yorkers. In addition to residential development, Hudson has built over 250,000 square feet of commercial space, including 100 neighborhood-serving businesses that support economic wealth and well-being. The firm has consistently implemented forward-thinking green building practices and achieved several notable milestones over the years, including pioneering energy-efficient design, large-scale solar installations, and early adoption of LEED certification standards in residential developments.
NFF is contributing $2 million to a NYCEEC-led predevelopment loan to support the Gowanus Green building, a project that embodies Hudson’s focus on creating inclusive, sustainable neighborhoods that prioritize long-term community well-being. The 300-unit, all-electric, 100% affordable residence is part of the larger Gowanus Green development — a multi-phase, mixed-use project with 955 affordable homes in the Gowanus neighborhood of Brooklyn. The broader plan also includes 28,000 square feet of retail and community space, an 80,000-square-foot site for a new public school, and a 1.5-acre public park. Thoughtfully built to fit into the heart of the community, this project combines affordable housing with advanced green building design features and vibrant green spaces to foster welcoming and supportive communities for all.
This project utilizes funds awarded to NFF through NY Green Bank’s Community Decarbonization Fund, which expands access to financing for emissions-reducing projects that benefit underserved communities in New York State.