Jordan has questioned whether Hodgson is the right man to take the club forward.
"He is a safe pair of hands and it kind of feels that he sets them up not to be beaten rather than win games which I've never much liked," Jordan told Talksport.
"You are now in a situation where they are not scoring goals, which is a problem, they're not setting out to win games. It seems to me they are in a slight challenging period.
"I don't think they'll get relegated because I think they did enough at the beginning of the season. It is an interesting one, I can't see [Wilfried] Zaha staying past this season so all of a sudden you're taking out your key player.
"It looks like they're going to need a rebuild. Whether Hodgson is going to take you forward... I don't think Roy is going to take you forward, I think he is going to keep you where you are. All season Roy Hodgson has said from the get go: 'We've got to stay in the division, we've got to stay in the division.'
"That is kind of like...wow, if you're a Palace fan you're not looking upwards you are looking at staying in the division and I thought we'd have moved on from that perspective."