Hudson Companies Awarded Low Income Housing Tax Credits by the Pennsylvania Housing Finance Agency for Regency Commons Senior Living, Clarion, Pennsylvania
Hudson Companies’ diverse portfolio continues to grow through their successful visioning and partnerships that’s been at its foundation since its founding in 1977 by President and Managing Principal John M. Hudson. The diverse real estate development and investment firm with holdings and development operations in multiple states and disciplines has received an award of Low Income Housing Tax Credits (LIHTC) through the Pennsylvania Housing Finance Agency (PHFA) for Regency Commons, a 42-unit affordable senior housing community located within the heart of Clarion. Hudson has long been a leader in general construction, real estate development, and institutional investments since its inception.
“This innovative and environmentally cognizant property will allow seniors the ease of access to area conveniences with the intown 5th Avenue location in addition to the many onsite amenities”, said Tyler M. Hudson, Partner. Regency Commons will boast an outdoor covered patio, complete with a fireplace, as well as a community gathering room, onsite management and support offices, wellness center, and Innovation Center. The Innovation Center will offer classes hosted by Thiel College for senior residents to enjoy and challenge their learning abilities. Regency Common’s robust health and wellness program with be spearheaded with local support by Primary Health Care Network’s health coaches and professional staff. Residents will have the choice of one or two-bedroom apartments within this secure and elevatored property.
Next month, Hudson Companies will be welcoming forty (40) senior residents to their Evans Square (www.evanssquare.com) apartment community in Conneaut Lake, Pennsylvania. Funding through the PHFA LIHTC program has spearheaded this facility to encompasses the inaugural Evans Square Innovative Health and Wellness program.
Hudson Companies development and investment divisions have recently developed and leased critical secure facilities to the Pennsylvania State Police in Schuylkill Haven and Mansfield Pennsylvania, with deliveries scheduled for facilities in Bellefonte, Chambersburg, and Indiana in 2018 and 2019. Additionally, a new state of the art facility being developed for the Department of Human Services is also slated for occupancy this year. Hudson’s diverse portfolio continues to grow through their successful visioning and partnerships, such as Parker’s Crossing in Grove City, Pennsylvania funded with Hudson capital and matching funds through the Redevelopment Capital Assistance Program that will spur growing businesses to locate on the shovel ready sites.