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New York & Tri-State  + Downtown New York  + Apartments  | 

Hudson Cos. Partners with NYC Pension Funds on Workforce Housing Development

The Hudson Companies is partnering with two of New York City’s largest public pension systems on a $250-million fund to build green workforce housing across the region. The partnership with the two pension systems—the New York City Employees’ Retirement System, and the Teachers’ Retirement System of the City of New York—is Hudson’s second with municipal pension funds since 2013.

“Now more than ever, it’s critical to create high-quality workforce housing for working families,” said Hudson principal Joe Riggs. “This public-private partnership will help address the housing crisis and fair housing goals in New York City and around the region through sustainable, transit-oriented projects, boost local economies through the recovery and create jobs when they’re needed most.” 

Hudson will be the single partner for this fund, which aims to build in all five boroughs as well as New York City’s eastern and Northern suburbs.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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