It comes after management duo Rob Smith and Larry Chambers left the Evo-Stik Southern Central league club by mutual consent after their 18 games in charge yielded just 10 points.
The Yeltz are currently second bottom, five points from safety, and have turned to Hughes to guide them to the end of the season.
The 42-year-old’s first game will be a crucial home match against Hitchin Town, who are three places above them, this Saturday.
Hughes has previously been player-manager of Worcester City, who he managed alongside John Snape.
He scored 99 goals from 237 appearances for Albion across two spells.