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<SEC-DOCUMENT>0000950123-10-115806.txt : 20101222
<SEC-HEADER>0000950123-10-115806.hdr.sgml : 20101222
<ACCEPTANCE-DATETIME>20101222155655
ACCESSION NUMBER:		0000950123-10-115806
CONFORMED SUBMISSION TYPE:	S-3
PUBLIC DOCUMENT COUNT:		5
FILED AS OF DATE:		20101222
DATE AS OF CHANGE:		20101222

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			K HOVNANIAN ENTERPRISES INC
		CENTRAL INDEX KEY:			0000833199
		STANDARD INDUSTRIAL CLASSIFICATION:	GEN BUILDING CONTRACTORS - RESIDENTIAL BUILDINGS [1520]
		IRS NUMBER:				222423583
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		S-3
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-171349-01
		FILM NUMBER:		101268738

	BUSINESS ADDRESS:	
		STREET 1:		10 HIGHWAY 35
		STREET 2:		P O BOX 500
		CITY:			RED BANK
		STATE:			NJ
		ZIP:			07701
		BUSINESS PHONE:		7327477800

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HOVNANIAN ENTERPRISES INC
		CENTRAL INDEX KEY:			0000357294
		STANDARD INDUSTRIAL CLASSIFICATION:	OPERATIVE BUILDERS [1531]
		IRS NUMBER:				221851059
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		S-3
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-171349
		FILM NUMBER:		101268739

	BUSINESS ADDRESS:	
		STREET 1:		110 WEST FRONT STREET
		STREET 2:		PO BOX 500
		CITY:			RED BANK
		STATE:			NJ
		ZIP:			07701
		BUSINESS PHONE:		7327477800

	MAIL ADDRESS:	
		STREET 1:		110 WEST FRONT STREET PO BOX 500
		STREET 2:		110 WEST FRONT STREET  PO BOX 500
		CITY:			RED BANK
		STATE:			NJ
		ZIP:			07701
</SEC-HEADER>
<DOCUMENT>
<TYPE>S-3
<SEQUENCE>1
<FILENAME>y88639sv3.htm
<DESCRIPTION>FORM S-3
<TEXT>
<HTML>
<HEAD>
<TITLE>sv3</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>As filed with the Securities and Exchange Commission on December&nbsp;22, 2010</B>
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 6pt"><B>Registration No.&nbsp;333-</B>
</DIV>

<DIV align="right" style="font-size: 10pt; margin-top: 6pt"></DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>




<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM S-3</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>REGISTRATION STATEMENT<BR>
Under<BR>
THE SECURITIES ACT OF 1933</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 24pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom" style="font-size:10pt">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><B>HOVNANIAN</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>K. HOVNANIAN</B></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><B>ENTERPRISES, INC.</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>ENTERPRISES, INC.</B></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt">(Exact Name of Registrant as Specified in Its Charter)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><B>Delaware</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>California</B></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt">(State or Other Jurisdiction of Incorporation or Organization)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><B>22-1851059</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>22-2423583</B></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt">(I.R.S. Employer Identification Number)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><B>110 West Front Street</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>110 West Front Street</B></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><B>P.O. Box 500</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>P.O. Box 500</B></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><B>Red Bank, New Jersey 07701</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>Red Bank, New Jersey 07701</B></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><B>(732)&nbsp;747-7800</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>(732)&nbsp;747-7800</B></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt">(Address, Including Zip Code, and Telephone Number, Including Area Code,<br>
of Registrants&#146; Principal Executive Offices)</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>SEE TABLE OF ADDITIONAL REGISTRANTS</B></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><DIV align="center"><DIV style="FONT-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV><BR>
<B>J. Larry Sorsby<BR>
Hovnanian Enterprises, Inc.<BR>
110 West Front Street<BR>
P.O. Box 500<BR>
Red Bank, New Jersey 07701<BR>
(732)&nbsp;747-7800</B><BR>
(Name, Address, Including Zip Code, and Telephone Number,<BR>
Including Area Code, of Agent for Service)</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><DIV align="center"><DIV style="FONT-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV><BR>
<B>Copies to:<BR>
Vincent Pagano, Jr., Esq.<BR>
Marisa D. Stavenas, Esq.<BR>
Simpson Thacher &#038; Bartlett LLP<BR>
425 Lexington Avenue<BR>
New York, New York 10017-3954<BR>
(212)&nbsp;455-2000</B></DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Approximate date of commencement of proposed sale to the public: From time to time after the
effective date of this registration statement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the only securities being registered on this Form are being offered pursuant to dividend or
interest reinvestment plans, please check the following box. <FONT style="font-family: Wingdings">&#111;</FONT>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If any of the securities being registered on this Form are to be offered on a delayed or
continuous basis pursuant to Rule&nbsp;415 under the Securities Act of 1933, other than securities
offered only in connection with dividend or interest reinvestment plans, check the following box. <FONT style="font-family: Wingdings">&#254;</FONT>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If this Form is filed to register additional securities for an offering pursuant to Rule
462(b) under the Securities Act, please check the following box and list the Securities Act
registration statement number of the earlier effective registration statement for the same
offering. <FONT style="font-family: Wingdings">&#111;</FONT>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities
Act, check the following box and list the Securities Act registration statement number of the
earlier effective registration statement for the same offering. <FONT style="font-family: Wingdings">&#111;</FONT>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If this Form is a registration statement pursuant to General Instruction I.D. or a
post-effective amendment thereto that shall become effective upon filing with the Commission
pursuant to Rule 462(e) under the Securities Act, check the following box. <FONT style="font-family: Wingdings">&#111;</FONT>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If this Form is a post-effective amendment to a registration statement filed pursuant to
General Instruction I.D. filed to register additional securities or additional classes of
securities pursuant to Rule 413(b) under the Securities Act, check the following box. <FONT style="font-family: Wingdings">&#111;</FONT>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicate by check mark whether the registrant is a large accelerated filer, an accelerated
filer, a non-accelerated filer, or a smaller reporting company. See the definitions of &#147;large
accelerated filer,&#148; &#147;accelerated filer&#148; and &#147;smaller reporting company&#148; in Rule&nbsp;12b-2 of the
Exchange Act.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="22%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="22%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="22%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="22%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><FONT style="white-space: nowrap"> Large accelerated filer <FONT style="font-family: Wingdings">&#111;</FONT></FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><FONT style="white-space: nowrap">Accelerated filer <FONT style="font-family: Wingdings">&#254;</FONT></FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><FONT style="white-space: nowrap">Non-accelerated filer <FONT style="font-family: Wingdings">&#111;</FONT></FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><FONT style="white-space: nowrap">Smaller reporting company <FONT style="font-family: Wingdings">&#111;</FONT></FONT></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" nowrap>(Do not check if a smaller reporting company)</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>CALCULATION OF REGISTRATION FEE</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="54%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>

    <TD width="1%">&nbsp;</TD>
</TR><TR style="font-size: 1px" valign="bottom">
    <TD nowrap align="left" colspan="23" style="border-bottom: 3px double #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD>&nbsp;</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Proposed maximum</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Proposed maximum</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Amount of</B></TD>
    <TD>&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD nowrap align="center"><B>Title of each class of</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Amount to be</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>offering price per</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>aggregate offering</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>registration</B></TD>
    <TD>&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD nowrap align="center"><B>securities to be registered</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>registered (1)(2)</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>unit (1)(2)(3)</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>price (1)(3)</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>fee(1)(3)</B></TD>
    <TD>&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
                    <TD style="border-top: 2px solid #000000"><DIV style="margin-left:15px; text-indent:-15px">Debt Securities (4)</DIV></TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000"><DIV style="margin-left:15px; text-indent:-15px">Guarantees of Debt Securities and
Warrants(5)</DIV></TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000"><DIV style="margin-left:15px; text-indent:-15px">Class&nbsp;A Common Stock (6)</DIV></TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000"><DIV style="margin-left:15px; text-indent:-15px">Preferred Stock</DIV></TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000"><DIV style="margin-left:15px; text-indent:-15px">Preferred Stock Purchase Rights(6)</DIV></TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000"><DIV style="margin-left:15px; text-indent:-15px">Depositary Shares(7)</DIV></TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000"><DIV style="margin-left:15px; text-indent:-15px">Stock Purchase Contracts and
Stock Purchase Units</DIV></TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000"><DIV style="margin-left:15px; text-indent:-15px">Units (8)</DIV></TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000"><DIV style="margin-left:15px; text-indent:-15px">Warrants(9)</DIV></TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000"><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000"><DIV style="margin-left:15px; text-indent:-15px">Total</DIV></TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 2px solid #000000">$</TD>
    <TD align="right" style="border-top: 2px solid #000000">500,000,000</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD nowrap align="left" style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 2px solid #000000">100</TD>
    <TD nowrap style="border-top: 2px solid #000000">%</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 2px solid #000000">$</TD>
    <TD align="right" style="border-top: 2px solid #000000">500,000,000</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 2px solid #000000">$</TD>
    <TD align="right" style="border-top: 2px solid #000000">35,650</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 1px" valign="bottom">
    <TD nowrap align="left" colspan="23" style="border-top: 3px double #000000">&nbsp;</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 3pt; width: 18%; border-top: 0px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">(1)</TD>
    <TD>&nbsp;</TD>
    <TD>Information with respect to each class is omitted pursuant to General Instruction II.D of
Form S-3. An indeterminate amount of Debt Securities, Class&nbsp;A Common Stock, Preferred Stock,
Preferred Stock Purchase Rights, Depositary Shares, Warrants, Stock Purchase Contracts and
Stock Purchase Units and Units (the foregoing, collectively and individually, the
&#147;Securities&#148;) are being registered as may from time to time be issued at indeterminate prices
with an aggregate initial offering price not to exceed $500,000,000 or the equivalent thereof
in one or more other currencies.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(2)</TD>
    <TD>&nbsp;</TD>
    <TD>Includes such indeterminate amounts of Securities as may be issued upon exercise, conversion
or exchange of, or pursuant to anti-dilution adjustments with respect to, Securities that
provide for such issuance, exercise, conversion, exchange or adjustment. Also includes such
indeterminate amount as may be issued in Units. Separate consideration may or may not be
received for any of these Securities.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(3)</TD>
    <TD>&nbsp;</TD>
    <TD>The proposed maximum aggregate offering price has been estimated solely for purposes of
calculating the registration fee pursuant to Rule 457(o) under the Securities Act of 1933, as
amended, and reflects the maximum aggregate offering price of Securities that may be issued.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(4)</TD>
    <TD>&nbsp;</TD>
    <TD>Debt Securities may be issued at an original issue discount.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(5)</TD>
    <TD>&nbsp;</TD>
    <TD>No separate consideration will be received for the Guarantees. Pursuant to Rule 457(n) under
the Securities Act, no registration fee is required with respect to the Guarantees.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(6)</TD>
    <TD>&nbsp;</TD>
    <TD>Each share of Class&nbsp;A Common Stock includes an associated Preferred Stock Purchase Right.
Each Preferred Stock Purchase Right initially represents the right, if such Preferred Stock
Purchase Right becomes exercisable, to purchase from Hovnanian Enterprises, Inc. one
ten-thousandth of a share of its Series&nbsp;B Junior Preferred Stock for each share of Class&nbsp;A
Common Stock. The Preferred Stock Purchase Rights initially will trade together with the Class
A Common Stock. The value attributable to the Preferred Stock Purchase Rights, if any, is
reflected in the offering price of the Class&nbsp;A Common Stock and no separate consideration will
be received for the Preferred Stock Purchase Rights. Therefore, the registration fee for the
Preferred Stock Purchase Rights is included in the fee for the Class&nbsp;A Common Stock.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(7)</TD>
    <TD>&nbsp;</TD>
    <TD>Each Depositary Share will be issued under a depositary agreement, will represent an interest
in a fractional share or multiple shares of Preferred Stock and will be evidenced by a
depositary receipt.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(8)</TD>
    <TD>&nbsp;</TD>
    <TD>Any Securities registered hereunder may be sold separately or as Units with other Securities
registered hereunder.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(9)</TD>
    <TD>&nbsp;</TD>
    <TD>The Warrants covered by this registration statement may be Warrants to purchase Preferred
Stock, Class&nbsp;A Common Stock, Depositary Shares or Debt Securities.</TD>
</TR>

</TABLE>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Registrants hereby amend this Registration Statement on such date or dates as may be
necessary to delay its effective date until the Registrants shall file a further amendment which
specifically states that this Registration Statement shall thereafter become effective in
accordance with Section 8(a) of the Securities Act of 1933 or until this Registration Statement
shall become effective on such date as the Commission, acting pursuant to said Section&nbsp;8(a), may
determine.
</DIV>


<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>










<P align="center" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>



<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>TABLE OF ADDITIONAL REGISTRANTS</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="27%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Address Including Zip</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>State or Other</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Code, and Telephone Number</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Jurisdiction of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>IRS Employer</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Including Area Code,</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Exact Name of Registrant as</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Incorporation</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Identification</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>of Registrant&#146;s Principal</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Specified in Its Charter</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>or Organization</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Executive Offices</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Auddie Enterprises, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">26-1956909
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Builder Services NJ, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-1131408
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Builder Services NY, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NY
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-5676716
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Builder Services PA, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">PA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-5425686
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Dulles Coppermine, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">VA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">31-1820770
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Eastern National Title Agency, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">FL
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">27-2610679
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">EASTERN TITLE AGENCY, INC.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-2822803
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">F&#038;W MECHANICAL SERVICES, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-4186885
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Founders Title Agency of Maryland,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">MD
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-1480338
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">FOUNDERS TITLE AGENCY, INC.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">VA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3293533
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->1<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="27%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Address Including Zip</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>State or Other</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Code, and Telephone Number</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Jurisdiction of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>IRS Employer</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Including Area Code,</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Exact Name of Registrant as</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Incorporation</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Identification</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>of Registrant&#146;s Principal</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Specified in Its Charter</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>or Organization</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Executive Offices</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Governor&#146;s Abstract Co., Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">PA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3278556
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Homebuyers Financial Services,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">MD
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-3529161
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">HOVNANIAN DEVELOPMENTS OF FLORIDA,
INC.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">FL
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-2416624
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Hovnanian Land Investment Group of
California, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-1471139
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">HOVNANIAN LAND INVESTMENT GROUP OF
FLORIDA, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">FL
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-1379037
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Hovnanian Land Investment Group of
Georgia, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">GA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-3286439
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Hovnanian Land Investment Group of
Maryland, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">MD
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-1446859
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Hovnanian Land Investment Group of
New Jersey, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-3002580
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Hovnanian Land Investment Group of
North Carolina, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NC
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-1309025
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Hovnanian Land Investment Group of
Texas, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">TX
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-1442111
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->2<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="27%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Address Including Zip</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>State or Other</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Code, and Telephone Number</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Jurisdiction of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>IRS Employer</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Including Area Code,</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Exact Name of Registrant as</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Incorporation</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Identification</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>of Registrant&#146;s Principal</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Specified in Its Charter</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>or Organization</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Executive Offices</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Hovnanian Land Investment Group of
Virginia, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">VA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-1020023
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Hovnanian Land Investment Group,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">MD
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-0581911
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. HOV INTERNATIONAL, INC.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3188610
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. HOV IP, II, Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">57-1135061
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. HOV IP, INC.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">95-4892009
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Acquisitions, Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3406671
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at 4S, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">73-1638455
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Acqua Vista, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-0464160
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Aliso, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-1218567
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Allentown, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">PA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-3215910
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->3<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="27%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Address Including Zip</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>State or Other</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Code, and Telephone Number</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Jurisdiction of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>IRS Employer</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Including Area Code,</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Exact Name of Registrant as</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Incorporation</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Identification</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>of Registrant&#146;s Principal</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Specified in Its Charter</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>or Organization</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Executive Offices</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Almond Estates, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">26-4718657
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Andalusia, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">27-3958234
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Arbor Heights, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">33-0890775
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. HOVNANIAN AT AVENUE ONE, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">65-1161801
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Bakersfield 463,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">26-4230522
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Barnegat I, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3804316
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Barnegat II, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-3030275
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Bella Lago, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-1218576
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Berkeley, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3644632
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Bernards V, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">DE
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3618587
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->4<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="27%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Address Including Zip</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>State or Other</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Code, and Telephone Number</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Jurisdiction of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>IRS Employer</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Including Area Code,</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Exact Name of Registrant as</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Incorporation</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Identification</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>of Registrant&#146;s Principal</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Specified in Its Charter</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>or Organization</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Executive Offices</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Blue Heron Pines,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3630449
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Branchburg, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">27-2495924
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Bridgeport, Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3547807
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Bridgewater I,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">31-1820703
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Broad and Walnut,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">PA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-3477133
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Calabria, Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3324654
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Camden I, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3845575
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Cameron Chase, Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">VA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3459993
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. HOVNANIAN AT CAMP HILL, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">PA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-4215810
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. HOVNANIAN AT CAPISTRANO, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-1618465
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->5<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="27%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Address Including Zip</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>State or Other</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Code, and Telephone Number</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Jurisdiction of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>IRS Employer</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Including Area Code,</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Exact Name of Registrant as</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Incorporation</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Identification</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>of Registrant&#146;s Principal</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Specified in Its Charter</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>or Organization</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Executive Offices</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Carlsbad, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">27-2135746
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Carmel Del Mar,
Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3320550
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Carmel Village, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">52-2147831
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Castile, Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3356308
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Cedar Grove III,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3818491
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Cedar Grove V,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">27-2495977
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Chaparral, Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3565730
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Charter Way, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">26-4718725
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Chester I, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">DE
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3618347
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Chesterfield,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-0916310
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->6<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="27%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Address Including Zip</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>State or Other</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Code, and Telephone Number</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Jurisdiction of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>IRS Employer</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Including Area Code,</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Exact Name of Registrant as</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Incorporation</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Identification</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>of Registrant&#146;s Principal</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Specified in Its Charter</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>or Organization</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Executive Offices</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Cielo, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-3393453
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Clifton, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3655976
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Coastline, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-4751032
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Cortez Hill, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">31-1822959
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Cranbury, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3814347
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Crestline, Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3493450
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Curries Woods,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3776466
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Denville, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">03-0436512
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800<br></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Deptford Township,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-1254802
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Dominguez Hills,
Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3602177
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->7<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="27%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Address Including Zip</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>State or Other</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Code, and Telephone Number</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Jurisdiction of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>IRS Employer</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Including Area Code,</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Exact Name of Registrant as</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Incorporation</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Identification</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>of Registrant&#146;s Principal</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Specified in Its Charter</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>or Organization</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Executive Offices</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Dover, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-3072574
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at East Brandywine,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">PA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-8353499
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Eastlake, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">31-1820096
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Edgewater II,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-0374534
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Edgewater, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">31-1825623
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Egg Harbor
Township II, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-3158355
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Egg Harbor
Township, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">31-1826606
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at El Dorado Ranch
II, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">26-4273232
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at El Dorado Ranch,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">26-4273163
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Elk Township,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-5199963
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->8<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="27%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Address Including Zip</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>State or Other</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Code, and Telephone Number</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Jurisdiction of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>IRS Employer</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Including Area Code,</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Exact Name of Registrant as</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Incorporation</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Identification</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>of Registrant&#146;s Principal</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Specified in Its Charter</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>or Organization</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Executive Offices</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Encinitas Ranch,
LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">33-0890770
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Evergreen, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-1618392
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Ewing, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-8327131
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Fair Oaks, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">VA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3778537
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Fiddyment Ranch,
LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">27-0614848
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Fifth Avenue,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-4594377
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Florence I, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-0982613
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Florence II, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-0982631
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Forest Meadows,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">16-1639755
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Franklin, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-1822595
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->9<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="27%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Address Including Zip</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>State or Other</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Code, and Telephone Number</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Jurisdiction of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>IRS Employer</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Including Area Code,</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Exact Name of Registrant as</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Incorporation</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Identification</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>of Registrant&#146;s Principal</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Specified in Its Charter</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>or Organization</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Executive Offices</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Freehold Township,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">31-1819075
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Fresno, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">26-4718801
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. HOVNANIAN AT GASLAMP SQUARE,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-1454058
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Gilroy, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">27-3237914
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Great Notch, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">31-1819076
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Gridley, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">26-4718869
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Guttenberg, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3653007
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Hackettstown II,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-0412492
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Hamburg
Contractors, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3814175
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Hamburg, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3795544
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->10<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="27%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Address Including Zip</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>State or Other</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Code, and Telephone Number</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Jurisdiction of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>IRS Employer</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Including Area Code,</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Exact Name of Registrant as</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Incorporation</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Identification</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>of Registrant&#146;s Principal</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Specified in Its Charter</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>or Organization</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Executive Offices</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Hawthorne, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-0946954
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Hazlet, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-4568967
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Hershey&#146;s Mill,
Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">PA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3445102
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. HOVNANIAN AT HIGHLAND SHORES,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">MN
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-2705991
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Highland
Vineyards, Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3309241
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Hilltop, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-3476959
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. HOVNANIAN AT HUDSON POINTE,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-2695809
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Jackson I, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">56-2290802
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Jackson, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3630450
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Jaeger Ranch, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">26-4642631
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->11<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="27%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Address Including Zip</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>State or Other</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Code, and Telephone Number</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Jurisdiction of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>IRS Employer</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Including Area Code,</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Exact Name of Registrant as</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Incorporation</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Identification</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>of Registrant&#146;s Principal</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Specified in Its Charter</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>or Organization</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Executive Offices</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Jersey City IV,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3655974
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Jersey City V
Urban Renewal Company, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">31-1818646
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Keyport, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-4918777
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at King Farm, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">MD
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3647924
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at La Costa Greens,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-3920917
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at La Costa, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">31-1820094
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at La Habra Knolls,
LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">31-1819908
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at La Laguna, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">26-4230543
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at La Paz, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">26-4718948
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at La Terraza, Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3303807
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->12<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="27%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Address Including Zip</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>State or Other</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Code, and Telephone Number</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Jurisdiction of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>IRS Employer</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Including Area Code,</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Exact Name of Registrant as</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Incorporation</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Identification</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>of Registrant&#146;s Principal</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Specified in Its Charter</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>or Organization</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Executive Offices</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Lafayette Estates,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3658926
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Lake Rancho Viejo,
LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-1337056
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Lake Terrapin,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">VA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3647920
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Landmark, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">26-4719012
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Larkspur, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">26-4719101
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Lawrence V, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">DE
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3638073
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Lee Square L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">VA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">27-1092841
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Linwood, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3663731
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Little Egg Harbor
Contractors, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3832077
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Little Egg Harbor
III, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-4861624
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->13<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="27%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Address Including Zip</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>State or Other</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Code, and Telephone Number</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Jurisdiction of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>IRS Employer</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Including Area Code,</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Exact Name of Registrant as</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Incorporation</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Identification</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>of Registrant&#146;s Principal</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Specified in Its Charter</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>or Organization</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Executive Offices</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Little Egg Harbor
Township II, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-2689884
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Little Egg Harbor,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3795535
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Live Oak II, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">26-4719149
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Long Branch I,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">56-2308030
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Lower Macungie
Township I, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">PA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">51-0427582
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Lower Macungie
Township II, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">PA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">65-1161803
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Lower Makefield
Township I, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">PA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3887471
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Lower Moreland I,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">PA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3785544
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Lower Moreland II,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">PA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3785539
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Lower Moreland
III, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">PA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-4863743
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->14<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="27%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Address Including Zip</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>State or Other</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Code, and Telephone Number</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Jurisdiction of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>IRS Employer</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Including Area Code,</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Exact Name of Registrant as</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Incorporation</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Identification</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>of Registrant&#146;s Principal</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Specified in Its Charter</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>or Organization</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Executive Offices</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Macungie, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">PA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-4863710
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Mahwah VI, Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3188612
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Malan Park, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">26-4230566
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Manalapan III,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">31-1819073
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Mansfield I, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">DE
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3556345
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Mansfield II,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">DE
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3556346
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
PO. Box 500
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Mansfield III,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3683839</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800
</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Manteca, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">27-2509555
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Maple Avenue,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-4863855
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Marlboro Township
IX, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-1005879
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->15<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="27%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Address Including Zip</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>State or Other</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Code, and Telephone Number</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Jurisdiction of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>IRS Employer</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Including Area Code,</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Exact Name of Registrant as</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Incorporation</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Identification</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>of Registrant&#146;s Principal</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Specified in Its Charter</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>or Organization</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Executive Offices</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Marlboro Township
V, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">31-1819074
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Marlboro Township
VIII, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3802594
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Marlboro VI, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3791976
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Marlboro VII,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3791977
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Matsu, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-4135542
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Melanie Meadows,
LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">26-4719216
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Mendham Township,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-2033800
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Menifee, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">52-2147832
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Middle Township
II, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-3832384
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Middle Township,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">03-0473330
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->16<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="27%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Address Including Zip</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>State or Other</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Code, and Telephone Number</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Jurisdiction of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>IRS Employer</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Including Area Code,</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Exact Name of Registrant as</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Incorporation</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Identification</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>of Registrant&#146;s Principal</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Specified in Its Charter</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>or Organization</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Executive Offices</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Middletown II,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">04-3695371
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Millville II,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-2221380
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Millville I, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-1562308
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. HOVNANIAN AT MONROE II, INC.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NY
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-2718071
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Monroe IV, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-2364423
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Monroe NJ, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-3512199
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Montvale II, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">27-2610827
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Montvale, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-1584680
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Mosaic, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">55-0820915
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Mt. Olive
Township, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3813043
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->17<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="27%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Address Including Zip</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>State or Other</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Code, and Telephone Number</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Jurisdiction of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>IRS Employer</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Including Area Code,</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Exact Name of Registrant as</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Incorporation</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Identification</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>of Registrant&#146;s Principal</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Specified in Its Charter</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>or Organization</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Executive Offices</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Muirfield, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">26-4719287
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. HOVNANIAN AT NEW BRUNSWICK
URBAN RENEWAL, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-4053097
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at New Windsor, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NY
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-3158568
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at North Bergen.
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">31-1818663
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. HOVNANIAN AT NORTH BRUNSWICK
VI, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">DE
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3627814
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at North Caldwell II,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-1185057
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at North Caldwell
III, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-4863775
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at North Caldwell IV,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">27-2496043
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at North Caldwell,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-0412508
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at North Haledon,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3770598
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->18<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="27%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Address Including Zip</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>State or Other</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Code, and Telephone Number</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Jurisdiction of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>IRS Employer</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Including Area Code,</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Exact Name of Registrant as</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Incorporation</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Identification</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>of Registrant&#146;s Principal</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Specified in Its Charter</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>or Organization</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Executive Offices</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at North Wildwood,
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">59-3769684
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Northampton, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">PA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3785527
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. HOVNANIAN AT NORTHERN
WESTCHESTER, INC.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NY
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-2814372
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Northfield, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3665826
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Northlake, Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3336696
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Ocean Township, Inc
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3094742
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. HOVNANIAN AT OCEAN WALK, INC.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3565732
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Oceanport, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-5811042
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Old Bridge, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">55-0787042
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Olde Orchard, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">51-0453906
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->19<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="27%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Address Including Zip</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>State or Other</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Code, and Telephone Number</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Jurisdiction of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>IRS Employer</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Including Area Code,</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Exact Name of Registrant as</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Incorporation</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Identification</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>of Registrant&#146;s Principal</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Specified in Its Charter</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>or Organization</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Executive Offices</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Pacific Bluffs, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">33-0890774
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Paramus, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3687884
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Park Lane, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">33-0896285
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Parkside, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">30-0550698
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Parsippany, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">27-2496088
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Parsippany-Troy
Hills, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-2769490
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Perkiomen II, Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">PA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3301197
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Philadelphia II,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">PA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-1706785
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Philadelphia III,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">PA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-3216099
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Philadelphia IV,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">PA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-3216000
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->20<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="27%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Address Including Zip</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>State or Other</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Code, and Telephone Number</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Jurisdiction of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>IRS Employer</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Including Area Code,</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Exact Name of Registrant as</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Incorporation</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Identification</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>of Registrant&#146;s Principal</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Specified in Its Charter</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>or Organization</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Executive Offices</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Piazza D&#146;Oro,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">11-3760903
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Piazza Serena,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">26-4230582
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Pittsgrove, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-1562254
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. HOVNANIAN AT PORT IMPERIAL
URBAN RENEWAL IV, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-2293457
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. HOVNANIAN AT PORT IMPERIAL
URBAN RENEWAL V, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-2293478
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. HOVNANIAN AT PORT IMPERIAL
URBAN RENEWAL VI, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-2909190
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. HOVNANIAN AT PORT IMPERIAL
URBAN RENEWAL VII, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-2909213
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. HOVNANIAN AT PORT IMPERIAL
URBAN RENEWAL VIII, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-2909227
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Positano, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">27-2509445
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Prado, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-3158762
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->21<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="27%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Address Including Zip</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>State or Other</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Code, and Telephone Number</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Jurisdiction of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>IRS Employer</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Including Area Code,</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Exact Name of Registrant as</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Incorporation</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Identification</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>of Registrant&#146;s Principal</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Specified in Its Charter</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>or Organization</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Executive Offices</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Rancho 79, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">26-4722936
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Rancho
Cristianitos, Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3369102
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Rancho Santa
Margarita, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">33-0890773
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Randolph I, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">01-0712196
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. HOVNANIAN AT RAPHO, L.L.C
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">PA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-2293515
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">I10 West Front Street
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Readington II,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">31-1818662
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Red Bank, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-2489028
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Ridgemont, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-3375106
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Ridgestone, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">MN
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-3563233
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Riverbend, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">33-0890777
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->22<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="27%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Address Including Zip</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>State or Other</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Code, and Telephone Number</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Jurisdiction of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>IRS Employer</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Including Area Code,</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Exact Name of Registrant as</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Incorporation</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Identification</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>of Registrant&#146;s Principal</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Specified in Its Charter</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>or Organization</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Executive Offices</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Rivercrest, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">26-4720260
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Roderuck, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">MD
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3756336
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. HOVNANIAN AT ROSEMARY LANTANA,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-1786974
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Rowland Heights,
LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-2147833
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Sage, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-3230547
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at San Sevaine, Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3493454
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Santa Fe Springs,
LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">27-2353517
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Santa Nella, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">26-4720339
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Saratoga, Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3547806
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Savannah Lake,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">FL
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">27-3135270
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->23<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="27%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Address Including Zip</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>State or Other</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Code, and Telephone Number</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Jurisdiction of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>IRS Employer</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Including Area Code,</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Exact Name of Registrant as</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Incorporation</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Identification</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>of Registrant&#146;s Principal</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Specified in Its Charter</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>or Organization</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Executive Offices</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Sawmill, Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">PA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3602924
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Sayreville, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3815459
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Scotch Plains,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-1149329
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Sheldon Grove, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">27-2103298
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Shrewsbury, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">27-2103420
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Sierra Estates, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">26-4720508
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Silver Spring,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">PA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-3230502
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Skye Isle, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">31-1820095
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Smithville III,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">31-1818661
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Smithville, Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-1732674
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->24<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="27%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Address Including Zip</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>State or Other</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Code, and Telephone Number</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Jurisdiction of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>IRS Employer</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Including Area Code,</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Exact Name of Registrant as</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Incorporation</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Identification</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>of Registrant&#146;s Principal</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Specified in Its Charter</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>or Organization</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Executive Offices</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Somers Point,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">16-1639761
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500. <br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at South Brunswick,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">01-0618098
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at South Brunswick
II, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">27-2496138
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Sparta, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-4326573
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. HOVNANIAN AT SPRINGCO, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">65-1161805
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Stanton, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">26-3367457
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Station Square,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-8354517
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Stone Canyon, Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3512641
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Sunridge Park, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">27-2647986
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Sunsets, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">33-0890768
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->25<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="27%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Address Including Zip</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>State or Other</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Code, and Telephone Number</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Jurisdiction of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>IRS Employer</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Including Area Code,</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Exact Name of Registrant as</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Incorporation</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Identification</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>of Registrant&#146;s Principal</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Specified in Its Charter</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>or Organization</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Executive Offices</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Sycamore, Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3493456
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Teaneck, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-1584240
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at the Cliffs, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">27-3958311
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at The Crosby, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-0936364
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at The Gables, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">33-0890769
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at The Monarch, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-3215837
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at The Preserve, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-1337079
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Thompson Ranch,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-1599518
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Thornbury, Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">PA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3462983
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Trail Ridge, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">33-0990615
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->26<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="27%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Address Including Zip</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>State or Other</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Code, and Telephone Number</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Jurisdiction of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>IRS Employer</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Including Area Code,</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Exact Name of Registrant as</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Incorporation</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Identification</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>of Registrant&#146;s Principal</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Specified in Its Charter</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>or Organization</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Executive Offices</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Trenton, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-3728778
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Trovata, Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3369099
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Union Township I,
Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3027952
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Upper Freehold
Township II, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3655975
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Upper Freehold
Township III, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3666680
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Upper Makefield I,
Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">PA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3302321
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Upper Uwchlan II,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">PA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">31-1820731
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Upper Uwchlan,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">PA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">59-3763798
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Vail Ranch, Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3320537
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Valle Del Sol, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">26-4720751
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->27<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="27%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Address Including Zip</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>State or Other</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Code, and Telephone Number</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Jurisdiction of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>IRS Employer</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Including Area Code,</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Exact Name of Registrant as</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Incorporation</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Identification</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>of Registrant&#146;s Principal</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Specified in Its Charter</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>or Organization</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Executive Offices</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. HOVNANIAN AT VERONA URBAN
RENEWAL, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-4359783
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Victorville, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">26-4230607
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. HOVNANIAN AT VINELAND, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">34-1997435
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Vista Del Sol,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">26-4233963
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Wanaque, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">DE
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3626037
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Warminster, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">PA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">27-2691149
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Warren Township,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-2594932
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Washington, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3743403
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Waterstone, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">27-2103509
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Wayne IX, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3828775
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->28<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="27%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Address Including Zip</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>State or Other</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Code, and Telephone Number</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Jurisdiction of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>IRS Employer</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Including Area Code,</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Exact Name of Registrant as</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Incorporation</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Identification</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>of Registrant&#146;s Principal</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Specified in Its Charter</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>or Organization</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Executive Offices</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. HOVNANIAN AT WAYNE, VIII, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">DE
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3618348
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at West Bradford,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">PA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-2560211
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at West View Estates,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">26-4273312
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at West Windsor,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">DE
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3618242
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Westshore, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">26-4721970
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Wheeler Ranch, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">26-4722075
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Wildrose, Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3312525
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Wildwood Bayside,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-4385082
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Willow Brook,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">MD
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3709105
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. HOVNANIAN AT WINCHESTER, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">52-2147836
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->29<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="27%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Address Including Zip</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>State or Other</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Code, and Telephone Number</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Jurisdiction of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>IRS Employer</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Including Area Code,</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Exact Name of Registrant as</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Incorporation</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Identification</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>of Registrant&#146;s Principal</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Specified in Its Charter</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>or Organization</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Executive Offices</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Woodcreek West, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">26-4722802
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Woodhill Estates,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">01-0550781
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian at Woolwich 1, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3828777
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Cambridge Homes,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">FL
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-2387077
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. HOVNANIAN CENTRAL ACQUISITIONS,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">DE
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3556343
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Classics CIP, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-3684969
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Classics, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-3761401
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Communities, Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">95-4892007
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Companies Metro D.C.
North, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">MD
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3683159
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Companies Northeast,
Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-2445216
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->30<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="27%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Address Including Zip</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>State or Other</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Code, and Telephone Number</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Jurisdiction of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>IRS Employer</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Including Area Code,</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Exact Name of Registrant as</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Incorporation</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Identification</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>of Registrant&#146;s Principal</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Specified in Its Charter</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>or Organization</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Executive Offices</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Companies of
California, Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3301757
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. HOVNANIAN COMPANIES OF
MARYLAND, INC.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">MD
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3331050
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. HOVNANIAN COMPANIES OF NEW
YORK, INC.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NY
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-2618171
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Companies of
Pennsylvania, Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">PA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-2390174
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Companies of Southern
California, Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3493449
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Companies of
Virginia, Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">VA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3169584
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Companies, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">59-3762298
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Connecticut
Acquisitions, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CT
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-3921070
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Construction II, Inc
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-2246316
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Construction III, Inc
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-1945444
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->31<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="27%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Address Including Zip</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>State or Other</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Code, and Telephone Number</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Jurisdiction of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>IRS Employer</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Including Area Code,</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Exact Name of Registrant as</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Incorporation</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Identification</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>of Registrant&#146;s Principal</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Specified in Its Charter</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>or Organization</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Executive Offices</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Construction
Management, Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3406668
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian CraftBuilt Homes of
South Carolina, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">SC
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-4467887
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Delaware
Acquisitions, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">DE
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-4823251
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. HOVNANIAN DEVELOPMENTS OF
ARIZONA, INC.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">AZ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">31-1825442
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Developments of
California, Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3303806
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Developments of
Connecticut, Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CT
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-3920999
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. HOVNANIAN DEVELOPMENTS OF D.C.,
INC.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">DC
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-2377106
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. HOVNANIAN DEVELOPMENTS OF
DELAWARE, INC.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">DE
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-1528466
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Developments of
Georgia, Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">GA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-3286085
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Developments of
Illinois, Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">IL
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-2421053
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->32<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="27%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Address Including Zip</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>State or Other</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Code, and Telephone Number</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Jurisdiction of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>IRS Employer</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Including Area Code,</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Exact Name of Registrant as</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Incorporation</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Identification</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>of Registrant&#146;s Principal</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Specified in Its Charter</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>or Organization</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Executive Offices</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Developments of
Indiana, Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">IN
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-3278908
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Developments of
Kentucky, Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">KY
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-5156963
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. HOVNANIAN DEVELOPMENTS OF
MARYLAND, INC.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">MD
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3331045
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Developments of
Michigan, Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">MI
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">31-1826348
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Developments of
Minnesota, Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">MN
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-1073868
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Developments of New
Jersey II, Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">59-3762294
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Developments of New
Jersey, Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-2664563
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. HOVNANIAN DEVELOPMENTS OF NEW
YORK, INC.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NY
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-2626492
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Developments of North
Carolina, Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NC
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-2765939
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Developments of Ohio,
Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">OH
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">32-0069375
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->33<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="27%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Address Including Zip</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>State or Other</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Code, and Telephone Number</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Jurisdiction of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>IRS Employer</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Including Area Code,</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Exact Name of Registrant as</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Incorporation</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Identification</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>of Registrant&#146;s Principal</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Specified in Its Charter</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>or Organization</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Executive Offices</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Developments of
Pennsylvania, Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">PA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-1097670
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Developments of South
Carolina, Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">SC
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">58-2659968
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Developments of
Texas, Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">TX
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3685786
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Developments of
Virginia, Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">VA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3188615
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Developments of West
Virginia, Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">WV
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">31-1826831
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Eastern Pennsylvania,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">PA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">04-3630089
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. HOVNANIAN FIRST HOMES, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">FL
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-3198237
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Florida Realty, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">FL
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">26-0509482
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Four Seasons @
Historic Virginia, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">VA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3647925
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Four Seasons at Gold
Hill, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">SC
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">31-1820161
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->34<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="27%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Address Including Zip</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>State or Other</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Code, and Telephone Number</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Jurisdiction of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>IRS Employer</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Including Area Code,</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Exact Name of Registrant as</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Incorporation</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Identification</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>of Registrant&#146;s Principal</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Specified in Its Charter</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>or Organization</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Executive Offices</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. HOVNANIAN GREAT WESTERN
BUILDING COMPANY, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">AZ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">31-1825443
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. HOVNANIAN GREAT WESTERN HOMES,
LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">AZ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">31-1825441
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Holdings NJ, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">02-0651173
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Homes &#151; DFW, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">TX
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-5856823
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Homes at Cameron
Station, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">VA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-1169628
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Homes at Camp
Springs, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">MD
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-0812020
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Homes at Fairwood,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">MD
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">47-0880125
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Homes at Forest Run,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">MD
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-0812109
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Homes at Greenway
Farm Park Towns, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">MD
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-3921234
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Homes at Greenway
Farm, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">MD
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-3921143
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->35<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="27%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Address Including Zip</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>State or Other</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Code, and Telephone Number</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Jurisdiction of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>IRS Employer</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Including Area Code,</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Exact Name of Registrant as</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Incorporation</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Identification</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>of Registrant&#146;s Principal</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Specified in Its Charter</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>or Organization</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Executive Offices</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Homes at Jones
Station 1, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">MD
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-3882481
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Homes at Jones
Station 2, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">MD
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-3882532
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Homes at Maxwell
Place, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">MD
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">37-1493190
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. HOVNANIAN HOMES AT PAYNE
STREET, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">VA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-4215898
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Homes at Primera,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">MD
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-3749553
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Homes at Renaissance
Plaza, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">MD
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-0364144
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Homes at Russett,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">MD
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-1526150
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Homes at the
Highlands, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">MD
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">27-2938723
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Homes Northern
California, Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-4996073
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Homes of D.C., L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">DC
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-2377153
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->36<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="27%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Address Including Zip</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>State or Other</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Code, and Telephone Number</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Jurisdiction of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>IRS Employer</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Including Area Code,</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Exact Name of Registrant as</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Incorporation</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Identification</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>of Registrant&#146;s Principal</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Specified in Its Charter</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>or Organization</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Executive Offices</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. HOVNANIAN HOMES OF DELAWARE,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">DE
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-1528482
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Homes of Georgia,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">GA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-4467858
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Homes of Houston,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">TX
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-5856877
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Homes of Indiana,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">IN
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-3278918
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Homes of Maryland,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">MD
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">01-0737098
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Homes of Minnesota,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">MN
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-2383651
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. HOVNANIAN HOMES OF NORTH
CAROLINA, INC.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NC
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">56-1458833
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. HOVNANIAN HOMES OF
PENNSYLVANIA, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">PA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-2376938
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Homes of South
Carolina, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">SC
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">58-2660293
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Homes of Virginia,
Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">VA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">52-0898765
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->37<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="27%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Address Including Zip</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>State or Other</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Code, and Telephone Number</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Jurisdiction of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>IRS Employer</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Including Area Code,</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Exact Name of Registrant as</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Incorporation</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Identification</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>of Registrant&#146;s Principal</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Specified in Its Charter</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>or Organization</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Executive Offices</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Homes of West
Virginia, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">WV
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-2828654
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Liberty on Bluff
Creek, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">MN
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">27-1226006
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian North Central
Acquisitions, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">DE
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3554986
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian North Jersey
Acquisitions, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">DE
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3556344
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Northeast Services,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">16-1639452
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian of Houston II, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">TX
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-5856770
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Ohio Realty, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">OH
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">32-0069376
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. HOVNANIAN OSTER HOMES, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">OH
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-3198273
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian PA Real Estate, Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">PA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3188608
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Pennsylvania
Acquisitions, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">PA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">54-2064618
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->38<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="27%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Address Including Zip</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>State or Other</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Code, and Telephone Number</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Jurisdiction of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>IRS Employer</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Including Area Code,</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Exact Name of Registrant as</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Incorporation</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Identification</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>of Registrant&#146;s Principal</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Specified in Its Charter</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>or Organization</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Executive Offices</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Port Imperial Urban
Renewal, Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3027956
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Properties of Red
Bank, Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3092532
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Shore Acquisitions,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">DE
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3556342
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian South Jersey
Acquisitions, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">DE
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3556341
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Southern New Jersey,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">01-0648280
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. HOVNANIAN STANDING ENTITY,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">FL
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-2751668
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Summit Holdings,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">VA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">31-1818027
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Summit Homes of
Kentucky, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">KY
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-5166566
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Summit Homes of
Michigan, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">MI
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">31-1826351
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Summit Homes of
Pennsylvania, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">PA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-0310776
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->39<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="27%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Address Including Zip</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>State or Other</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Code, and Telephone Number</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Jurisdiction of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>IRS Employer</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Including Area Code,</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Exact Name of Registrant as</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Incorporation</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Identification</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>of Registrant&#146;s Principal</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Specified in Its Charter</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>or Organization</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Executive Offices</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Summit Homes of West
Virginia, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">WV
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">31-1826832
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Summit Homes, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">OH
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">32-0069379
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian T&#038;C Homes at Florida,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">FL
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-2387167
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian T&#038;C Homes at
Illinois, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">IL
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-2421114
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian T&#038;C Investment, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-2364394
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian T&#038;C Management Co.,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-2393546
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Timbres at Elm Creek,
LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">MN
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">27-1226085
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian Venture I, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">02-0572173
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. HOVNANIAN WINDWARD HOMES, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">FL
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-0301995
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian&#146;s Four Seasons at
Ashburn Village, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">VA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-0385213
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->40<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="27%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Address Including Zip</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>State or Other</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Code, and Telephone Number</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Jurisdiction of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>IRS Employer</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Including Area Code,</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Exact Name of Registrant as</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Incorporation</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Identification</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>of Registrant&#146;s Principal</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Specified in Its Charter</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>or Organization</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Executive Offices</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian&#146;s Four Seasons at
Bailey&#146;s Glenn, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NC
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">26-1180295
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. HOVNANIAN&#146;S FOUR SEASONS AT
BAKERSFIELD, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-1454116
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian&#146;s Four Seasons at
Beaumont, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">31-1823029
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. HOVNANIAN&#146;S FOUR SEASONS AT
CHARLOTTESVILLE, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">VA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-3375037
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian&#146;s Four Seasons at
Dulles Discovery Condominium,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">VA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-1442155
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian&#146;s Four Seasons at
Dulles Discovery, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">VA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-1169675
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian&#146;s Four Seasons at
Hemet, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">47-0884181
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian&#146;s Four Seasons at
Huntfield, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">WV
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-3375034
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian&#146;s Four Seasons at
Kent Island Condominiums, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">MD
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-1727101
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian&#146;s Four Seasons at
Kent Island, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">MD
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3668315
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->41<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="27%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Address Including Zip</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>State or Other</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Code, and Telephone Number</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Jurisdiction of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>IRS Employer</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Including Area Code,</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Exact Name of Registrant as</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Incorporation</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Identification</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>of Registrant&#146;s Principal</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Specified in Its Charter</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>or Organization</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Executive Offices</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian&#146;s Four Seasons at Los
Banos, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">26-4722883
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian&#146;s Four Seasons at
Moreno Valley, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">26-4273623
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian&#146;s Four Seasons at New
Kent Vineyards, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">VA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-3375087
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian&#146;s Four Seasons at
Palm Springs, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">57-1145579
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. HOVNANIAN&#146;S FOUR SEASONS AT
RENAISSANCE, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NC
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-8190357
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian&#146;s Four Seasons at
Rush Creek II, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">MN
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">27-1228535
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian&#146;s Four Seasons at
Rush Creek, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">MN
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-3923972
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian&#146;s Four Seasons at St.
Margarets Landing, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">MD
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3688864
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey
07701 <BR>732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian&#146;s Four Seasons at
Vint Hill, L.L.C
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">VA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">31-1828049
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian&#146;s Four Seasons, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">52-2147837
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->42<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="27%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Address Including Zip</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>State or Other</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Code, and Telephone Number</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Jurisdiction of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>IRS Employer</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Including Area Code,</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Exact Name of Registrant as</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Incorporation</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Identification</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>of Registrant&#146;s Principal</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Specified in Its Charter</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>or Organization</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Executive Offices</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian&#146;s Parkside at
Towngate, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-3158839
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">K. Hovnanian&#146;s Private Home
Portfolio, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3766856
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">KHIP, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">01-0752776
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">LANDARAMA, INC.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-1978612
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">M&#038;M at Chesterfield, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">56-2290506
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">M&#038;M AT Crescent Court, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-5085522
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">M&#038;M at West Orange, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">55-0820919
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">M&#038;M at Wheatan Urban Renewal,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-1516521
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Matzel &#038; Mumford at Egg Harbor,
L.L.C
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-1706817
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Matzel &#038; Mumford at South Bound
Brook Urban Renewal, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-0489677
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->43<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="27%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Address Including Zip</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>State or Other</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Code, and Telephone Number</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Jurisdiction of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>IRS Employer</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Including Area Code,</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Exact Name of Registrant as</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Incorporation</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Identification</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>of Registrant&#146;s Principal</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Specified in Its Charter</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>or Organization</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Executive Offices</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">MCNJ, Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-2722906
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Midwest Building Products &#038;
Contractor Services of Kentucky,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">KY
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-5166559
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Midwest Building Products &#038;
Contractor Services of Michigan,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">MI
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-5065088
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Midwest Building Products &#038;
Contractor Services of
Pennsylvania, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">PA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-5071295
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Midwest Building Products &#038;
Contractor Services of West
Virginia, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">WV
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-5065126
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">MIDWEST BUILDING PRODUCTS &#038;
CONTRACTOR SERVICES, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">OH
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-2882866
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">MMIP, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">02-0651174
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Natomas Central Neighborhood
Housing, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-3882414
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">New Land Title Agency, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">AZ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">26-0598590
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">PADDOCKS, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">MD
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-0027663
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->44<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="27%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Address Including Zip</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>State or Other</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Code, and Telephone Number</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Jurisdiction of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>IRS Employer</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Including Area Code,</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Exact Name of Registrant as</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Incorporation</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Identification</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>of Registrant&#146;s Principal</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Specified in Its Charter</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>or Organization</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Executive Offices</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">PARK TITLE COMPANY, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">TX
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-1293533
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Pine Ayr, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">MD
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-2229495
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">RIDGEMORE UTILITY ASSOCIATES OF
PENNSYLVANIA, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">PA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-4202417
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Ridgemore Utility, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">MD
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">31-1820672
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">SEABROOK ACCUMULATION CORPORATION
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">33-0989615
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">STONEBROOK HOMES, INC.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">33-0553884
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Terrapin Realty, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">20-4415708
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">The Highlands Condominiums at
Metrosquare, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">MD
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">27-2982211
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">The Matzel &#038; Mumford Organization, <BR>
Inc
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NJ
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3670677
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">The Residences at Dulles Parkway <BR>
Corporate Center, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">VA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">27-3238032
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->45<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="27%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Address Including Zip</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>State or Other</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Code, and Telephone Number</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Jurisdiction of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>IRS Employer</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Including Area Code,</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Exact Name of Registrant as</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Incorporation</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Identification</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>of Registrant&#146;s Principal</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Specified in Its Charter</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>or Organization</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Executive Offices</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">The Residences at Greenfield
Crossing, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">VA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">27-3522123
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Washington Homes at Columbia Town
Center, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">MD
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3757772
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Washington Homes, Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">DE
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">22-3774737
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Westminster Homes of Alabama,
L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">MD
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">63-1222540
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Westminster Homes of Mississippi,
LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">MS
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">64-0907820
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Westminster Homes of Tennessee,
Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">TN
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">52-1973363
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">WESTMINSTER HOMES, INC.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NC
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">52-1874680
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">WH LAND I, INC.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">MD
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">52-2073468
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">WH PROPERTIES, INC.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">MD
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">52-1662973
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">WH/PR Land Company, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">DE
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">52-0818872
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->46<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="27%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Address Including Zip</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>State or Other</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Code, and Telephone Number</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Jurisdiction of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>IRS Employer</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Including Area Code,</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Exact Name of Registrant as</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Incorporation</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Identification</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>of Registrant&#146;s Principal</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Specified in Its Charter</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>or Organization</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Executive Offices</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Woodland Lake Condominiums at
Bowie New Town, L.L.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">MD
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">06-1643401
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 West Front Street<br>
P.O. Box 500<br>
Red Bank, New Jersey 07701<br>
732-747-7800</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->47<!-- /Folio -->
</DIV>




<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>



<DIV style="font-family: 'Times New Roman',Times,serif">


<P style="padding: 5px; border: 3px double #000000; font-size: 10pt; color: #FF0000">The information in this prospectus is not complete and may be changed. We may not sell these
securities until the registration statement filed with the Securities and Exchange Commission is
effective. This prospectus is not an offer to sell these securities and it is not soliciting an
offer to buy these securities in any state or jurisdiction where the offer or sale is not
permitted.


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">Subject to completion, dated December&nbsp;22, 2010
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>PROSPECTUS</B>
</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><IMG src="y88639y8863900.gif" alt="(KHOVNANIAN COMPANIES LOGO)">
</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>$500,000,000</B>
</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Hovnanian Enterprises, Inc.</B>
</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Preferred Stock</B>
</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 0pt"><B>Class&nbsp;A Common Stock<BR>
Depositary Shares<BR>
Warrants to Purchase Preferred Stock<BR>
Warrants to Purchase Class&nbsp;A Common Stock<BR>
Warrants to Purchase Depositary Shares<BR>
Debt Securities<BR>
Warrants to Purchase Debt Securities<BR>
Stock Purchase Contracts<BR>
Stock Purchase Units<BR>
Units</B>
</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>K. Hovnanian Enterprises, Inc.</B>
</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Debt Securities</B>
</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 0pt"><B>Warrants to Purchase Debt Securities<BR>
Units</B>
</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><DIV align="center"><DIV style="FONT-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">We, Hovnanian Enterprises, Inc., may offer and sell from time to time, in one or more series:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Preferred Stock,</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Class&nbsp;A Common Stock (along with Preferred Stock Purchase Rights),</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Depositary Shares,</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>debt securities consisting of notes, debentures or other evidences of indebtedness,
which may be senior debt securities, senior subordinated debt securities or
subordinated debt securities, and which may be convertible into, or exchangeable or
exercisable for, any of the securities referred to herein,</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>warrants to purchase our Preferred Stock, our Class&nbsp;A Common Stock, our Depositary
Shares or our debt securities,</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Stock Purchase Contracts,</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Stock Purchase Units, and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Units, comprised of two or more of any of the securities referred to herein, in any
combination;</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;together or separately, in amounts, at prices and on terms that will be determined at the time of
the offering.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">Our wholly-owned subsidiary, K. Hovnanian Enterprises, Inc., may offer and sell from time to
time, in one or more series:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>debt securities, consisting of notes, debentures or other evidences of indebtedness,
which may be senior debt securities, senior subordinated debt securities or
subordinated debt securities, which in each case will be fully and unconditionally
guaranteed by Hovnanian Enterprises, Inc., and which may be convertible into, or
exchangeable or exercisable for, any of the other securities referred to herein,</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>warrants to purchase K. Hovnanian Enterprises, Inc. debt securities, which will be
fully and unconditionally guaranteed by Hovnanian Enterprises, Inc., and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Units, comprised of two or more of any of the securities referred to herein, in any
combination;</TD>
</TR>



</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">together or separately, in amounts, at prices and on terms that will be determined at the time of
the offering.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Hovnanian Enterprises, Inc. debt securities or warrants or the debt securities or warrants issued
by K. Hovnanian Enterprises, Inc. may be guaranteed by substantially all of our wholly-owned
subsidiaries and may be issued either separately, or together with, upon conversion of, or in
exchange for, other securities.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We may offer and sell the securities directly to you, through agents, underwriters or dealers. The
prospectus supplement for each offering will describe in detail the plan of distribution for that
offering and will set forth the names of any agents, dealers or underwriters involved in the
offering and any applicable fees, commissions or discount arrangements. The net proceeds we expect
to receive from sales will be set forth in the prospectus supplement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This prospectus describes some of the general terms that may apply to these securities. The
specific terms of the securities to be offered, and any other information relating to a specific
offering, will be set forth in a post-effective amendment to the registration statement of which
this prospectus is a part or in a supplement to this prospectus.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Investing in our securities involves risks. See &#147;Risk Factors&#148; beginning on page 4 of this
prospectus and in the documents that we incorporate by reference.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our common stock is traded on the New York Stock Exchange under the symbol &#147;HOV.&#148;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Neither the Securities and Exchange Commission nor any state securities commission has approved or
disapproved of these securities or passed upon the accuracy or adequacy of this prospectus. Any
representation to the contrary is a criminal offense.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><DIV align="center"><DIV style="FONT-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">The date of the prospectus is&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;,&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; .
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>


<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left">
<!-- TOC -->
</DIV>
<DIV align="left">
<A name="tocpage"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>TABLE OF CONTENTS</B>
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" colspan="2"><B>Page</B></TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">

<TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#101">About
This
Prospectus</A></DIV><div align="right" style="border-top: 1px dotted #000000; margin-left: 19%; margin-top: -1pt; font-size: 1pt"></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#102">Forward-Looking
Statements</A></DIV><div align="right" style="border-top: 1px dotted #000000; margin-left: 24%; margin-top: -1pt; font-size: 1pt"></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#103">Available
Information</A></DIV><div align="right" style="border-top: 1px dotted #000000; margin-left: 19%; margin-top: -1pt; font-size: 1pt"></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#104">Incorporation
of Certain Documents By
Reference</A></DIV><div align="right" style="border-top: 1px dotted #000000; margin-left: 41%; margin-top: -1pt; font-size: 1pt"></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#105">The
Company</A></DIV><div align="right" style="border-top: 1px dotted #000000; margin-left: 12%; margin-top: -1pt; font-size: 1pt"></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#106">Risk
Factors</A></DIV><div align="right" style="border-top: 1px dotted #000000; margin-left: 11%; margin-top: -1pt; font-size: 1pt"></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#107">Ratios of Earnings to Fixed Charges and Earnings to Combined Fixed Charges and
Preferred Stock
Dividends</A></DIV><div align="right" style="border-top: 1px dotted #000000; margin-left: 87%; margin-top: -1pt; font-size: 1pt"></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#108">Use
of
Proceeds</A></DIV><div align="right" style="border-top: 1px dotted #000000; margin-left: 14%; margin-top: -1pt; font-size: 1pt"></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#109">Description
of Debt
Securities</A></DIV><div align="right" style="border-top: 1px dotted #000000; margin-left: 25%; margin-top: -1pt; font-size: 1pt"></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#110">Description
of Capital
Stock</A></DIV><div align="right" style="border-top: 1px dotted #000000; margin-left: 23%; margin-top: -1pt; font-size: 1pt"></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">19</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#111">Description
of Depositary Shares</A></DIV><div align="right" style="border-top: 1px dotted #000000; margin-left: 27%; margin-top: -1pt; font-size: 1pt"></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">23</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#112">Description
of Stock Purchase Contracts and Stock Purchase
Units</A></DIV><div align="right" style="border-top: 1px dotted #000000; margin-left: 53%; margin-top: -1pt; font-size: 1pt"></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">27</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#113">Description
of
Units</A></DIV><div align="right" style="border-top: 1px dotted #000000; margin-left: 17%; margin-top: -1pt; font-size: 1pt"></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">28</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#114">Description
of
Warrants</A></DIV><div align="right" style="border-top: 1px dotted #000000; margin-left: 20%; margin-top: -1pt; font-size: 1pt"></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">29</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#115">Plan
of
Distribution</A></DIV><div align="right" style="border-top: 1px dotted #000000; margin-left: 16%; margin-top: -1pt; font-size: 1pt"></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">30</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#116">Legal
Matters</A></DIV><div align="right" style="border-top: 1px dotted #000000; margin-left: 12%; margin-top: -1pt; font-size: 1pt"></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">31</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#117">Experts</A></DIV><div align="right" style="border-top: 1px dotted #000000; margin-left: 7%; margin-top: -1pt; font-size: 1pt"></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">31</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left">
<!-- /TOC -->
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->i<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left">
<A name="101"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ABOUT THIS PROSPECTUS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This prospectus is part of a registration statement we filed with the Securities and Exchange
Commission, or the &#147;Commission&#148;, using the &#147;shelf&#148; registration process. Under the shelf
registration process, using this prospectus, together with a prospectus supplement, we may sell
from time to time any combination of the securities described in this prospectus in one or more
offerings. This prospectus provides you with a general description of the securities that may be
offered. Each time we sell securities pursuant to this prospectus, we will provide a prospectus
supplement that will contain specific information about the terms of the securities being offered.
A prospectus supplement may include a discussion of any risk factors or other special
considerations applicable to those securities or to us. The prospectus supplement may also add to,
update or change information contained in this prospectus and, accordingly, to the extent
inconsistent, the information in this prospectus is superseded by the information in the prospectus
supplement. You should read this prospectus, any applicable prospectus supplement and the
additional information incorporated by reference in this prospectus described below under
&#147;Available Information&#148; and &#147;Incorporation of Certain Documents by Reference&#148; before making an
investment in our securities.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This prospectus contains summaries of certain provisions contained in some of the documents
described herein, but reference is made to the actual documents for complete information. All of
the summaries are qualified in their entirety by the actual documents. Copies of the documents
referred to herein have been filed, or will be filed or incorporated by reference as exhibits to
the registration statement of which this prospectus is a part, and you may obtain copies of those
documents as described below under &#147;Available Information.&#148;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Neither the delivery of this prospectus nor any sale made under it implies that there has been
no change in our affairs or that the information in this prospectus is correct as of any date after
the date of this prospectus. You should not assume that the information in this prospectus,
including any information incorporated in this prospectus by reference, the accompanying prospectus
supplement or any free writing prospectus prepared by us, is accurate as of any date other than the
date on the front of those documents. Our business, financial condition, results of operations and
prospects may have changed since that date.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We have not authorized anyone to provide any information other than that contained or
incorporated by reference in this prospectus, a prospectus supplement or in any free writing
prospectus prepared by or on behalf of us or to which we have referred you. We take no
responsibility for, and can provide no assurance as to the reliability of, any other information
that others may give you. We are not making an offer to sell securities in any jurisdiction where
the offer or sale of such securities is not permitted.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><DIV align="center"><DIV style="FONT-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unless otherwise stated or context otherwise requires, all references in this prospectus to:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;K. Hovnanian&#148; are to K. Hovnanian Enterprises, Inc., a California corporation;
and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;Hovnanian,&#148; &#147;us,&#148; &#147;we,&#148; &#147;our&#148; or &#147;Company&#148; are to Hovnanian Enterprises, Inc.,
a Delaware corporation, together with its consolidated subsidiaries, including K.
Hovnanian.</TD>
</TR>








</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->1<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>
<DIV align="left">
<A name="102"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>FORWARD-LOOKING STATEMENTS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All statements in this prospectus that are not historical facts should be considered as
&#147;Forward Looking Statements&#148; within the meaning of the &#147;Safe Harbor&#148; provisions of the Private
Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks,
uncertainties and other factors that may cause actual results, performance or achievements of the
Company to be materially different from any future results, performance or achievements expressed
or implied by the forward-looking statements. Although we believe that our plans, intentions and
expectations reflected in, or suggested by, such forward-looking statements are reasonable, we can
give no assurance that such plans, intentions, or expectations will be achieved. Such risks,
uncertainties and other factors include, but are not limited to:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Changes in general and local economic and industry and business conditions and
impacts of the sustained homebuilding downturn;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Adverse weather and other environmental conditions and natural disasters;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Changes in market conditions and seasonality of the Company&#146;s business;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Changes in home prices and sales activity in the markets where the Company
builds homes;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Government regulation, including regulations concerning development of land,
the home building, sales and customer financing processes, and the environment;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Fluctuations in interest rates and the availability of mortgage financing;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Shortages in, and price fluctuations of, raw materials and labor;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The availability and cost of suitable land and improved lots;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Levels of competition;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Availability of financing to the Company;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Utility shortages and outages or rate fluctuations;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Levels of indebtedness and restrictions on the Company&#146;s operations and
activities imposed by the agreements governing the Company&#146;s outstanding indebtedness;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Company&#146;s sources of liquidity;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Changes in credit ratings;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Availability of net operating loss carryforwards;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Operations through joint ventures with third parties;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Product liability litigation and warranty claims;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Successful identification and integration of acquisitions;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Significant influence of the Company&#146;s controlling stockholders; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Geopolitical risks, terrorist acts and other acts of war.</TD>
</TR>




</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->2<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Certain risks, uncertainties, and other factors are incorporated herein by reference to our
most recent Annual Report on Form 10-K and our subsequent Quarterly Reports on Form 10-Q, along
with the other information contained in this prospectus, as updated by our subsequent filings under
the Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;). Except as otherwise required
by applicable securities laws, we undertake no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information, future events, changed
circumstances, or any other reason, after the date of this prospectus.
</DIV>
<DIV align="left">
<A name="103"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>AVAILABLE INFORMATION</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We are subject to the informational requirements of the Exchange Act, and file reports, proxy
statements and other information with the Commission. We have also filed a registration statement
on Form S-3 with the Commission. This prospectus, which forms part of the registration statement,
does not have all of the information contained in the registration statement. You may read, free of
charge, and copy, at the prescribed rates, any reports, proxy statements and other information,
including the registration statement, at the Commission&#146;s Public Reference Room at 100 F Street,
N.E., Washington, D.C. 20549. The public may obtain information concerning the operation of the
Public Reference Room by calling the Commission at 1-800-SEC-0330. The Commission also maintains a
website that contains reports, proxy statements and other information, including the registration
statement. The website address is: http://www.sec.gov. Hovnanian&#146;s Class&nbsp;A Common Stock is listed
on the New York Stock Exchange, and reports, proxy statements and other information also can be
inspected at the offices of the New York Stock Exchange, 20 Broad Street, New York, New York 10005.
</DIV>
<DIV align="left">
<A name="104"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This prospectus is part of a registration statement filed with the Commission. The Commission
allows us to &#147;incorporate by reference&#148; selected documents we file with it, which means that we can
disclose important information to you by referring you to those documents. The information in the
documents incorporated by reference is considered to be part of this prospectus, and information in
documents that we file later with the Commission will automatically update and supersede this
information.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We incorporate by reference the documents listed below filed under Section&nbsp;13(a), 13(c), 14 or
15(d) of the Exchange Act. Information furnished under Item&nbsp;2.02 or Item&nbsp;7.01 of our Current
Reports on Form 8-K is not incorporated by reference in this prospectus.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hovnanian has filed the following documents with the Commission and these documents are
incorporated herein by reference:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Annual Report on </I><I>Form 10-K</I><I> for the fiscal year ended October&nbsp;31, 2010,
Registration File No.&nbsp;1-8551 (including information specifically incorporated by
reference into the Annual Report on </I><I>Form 10-K</I><I> from Hovnanian&#146;s definitive proxy
statement for the 2011 Annual Meeting of shareholders);</I></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>The description of the Company&#146;s Class&nbsp;A Common Stock contained in the
Registration Statement on </I><I>Form 8-A</I><I> filed on March&nbsp;13, 2001, including any amendment
or reports filed for the purpose of updating such description, Registration File
No.&nbsp;1-8551; and</I></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>The description of the Company&#146;s Preferred Stock Purchase Rights contained in
the Registration Statement on </I><I>Form 8-A</I><I> filed on August&nbsp;14, 2008, Registration File
No.&nbsp;1-8551.</I></TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All documents filed by Hovnanian pursuant to Section&nbsp;13(a), 13(c), 14 or 15(d) of the Exchange
Act subsequent to the date of the initial registration statement and prior to the effectiveness of
the registration statement, and all such documents filed by Hovnanian subsequent to the date of
this prospectus and prior to the termination of the offerings made by this prospectus are to be
incorporated herein by reference. Any statement contained in a document incorporated or deemed to
be incorporated by reference herein shall be deemed to be modified or superseded for purposes of
this prospectus to the extent that a statement contained herein or in any other subsequently filed
document which also is incorporated or deemed to be incorporated by reference herein modifies
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->3<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">or supersedes such statement. Any such statement so modified or superseded shall not be
deemed, except as so modified or superseded, to constitute a part of this prospectus.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hovnanian makes available through its website its annual report on Form 10-K, quarterly
reports on Form 10-Q, current reports on Form 8-K, and amendments to these reports filed or
furnished pursuant to Section 13(d) or 15(d) of the Exchange Act as soon as reasonably practicable
after they are filed with, or furnished to, the Commission. In addition, Hovnanian will provide
without charge to each person, including any beneficial owner, to whom a copy of this prospectus is
delivered, upon the written or oral request of such person, a copy of any or all of the information
incorporated by reference in this prospectus, other than exhibits to such information (unless such
exhibits are specifically incorporated by reference into the information that this prospectus
incorporates). Requests for such copies should be directed to Brad O&#146;Connor, Vice President and
Corporate Controller, Hovnanian Enterprises, Inc., 110 West Front Street, P.O. Box 500, Red Bank,
New Jersey 07701 (telephone: (732)&nbsp;747-7800).
</DIV>
<DIV align="left">
<A name="105"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>THE COMPANY</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Overview</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We design, construct, market, and sell single-family detached homes, attached townhomes and
condominiums, mid-rise condominiums, urban infill and active adult homes in planned residential
developments and are one of the nation&#146;s largest builders of residential homes. Founded in 1959 by
Kevork Hovnanian, the Company was incorporated in New Jersey in 1967 and reincorporated in Delaware
in 1983. Since the incorporation of our predecessor company and including unconsolidated joint
ventures, we have delivered in excess of 291,000 homes, including 5,009 homes in fiscal 2010. The
Company consists of two distinct operations: homebuilding and financial services. Our homebuilding
operations consist of six segments: Northeast, Mid-Atlantic, Midwest, Southeast, Southwest and
West. Our financial services operations provide mortgage loans and title services to the customers
of our homebuilding operations.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We are currently, excluding unconsolidated joint ventures, offering homes for sale in 192
communities in 40 markets in 18 states throughout the United States. We market and build homes for
first-time buyers, first-time and second-time move-up buyers, luxury buyers, active adult buyers,
and empty nesters. We offer a variety of home styles at base prices ranging from $34,000 (low
income housing) to $1,660,000 with an average sales price, including options, of $281,000
nationwide in fiscal 2010.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Corporate Information</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our principal executive offices are located at 110 West Front Street, P.O. Box 500, Red Bank,
New Jersey 07701, our telephone number is (732)747-7800, and our Internet website address is
www.khov.com. Information on or accessible through our website is not a part of this prospectus.
</DIV>
<DIV align="left">
<A name="106"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>RISK FACTORS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;An investment in our securities involves a high degree of risk. Certain risks relating to us
and our business are described under the headings &#147;Business&#148; and &#147;Risk Factors&#148; in our Annual
Report on Form 10-K for the year ended October&nbsp;31, 2010, filed with the Commission on December&nbsp;22,
2010, which is incorporated by reference into this prospectus and which you should carefully review
and consider, along with the other information contained in this prospectus or incorporated by
reference herein, as updated by our subsequent filings under the Exchange Act, before making an
investment in any of our securities. Additional risks, as well as updates or changes to the risks
described in the documents incorporated by reference herein, may be included in any applicable
prospectus supplement. Our business, financial condition or results of operations could be
materially adversely affected by any of these risks. The market or trading price of our securities
could decline due to any of these risks, and you may lose all or part of your investment. In
addition, please read the section of this prospectus captioned &#147;Forward-Looking Statements&#148;, in
which we describe additional uncertainties associated with our business and the forward-looking
statements included or incorporated by reference in this prospectus. Please note that additional
risks not presently known to us or that we currently deem immaterial may also impair our business
and operations.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->4<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment in any securities offered pursuant to this prospectus involves risks and
uncertainties. If one or more of the events discussed in the risk factors were to occur, our
business, financial condition, results of operations or liquidity, as well as the value of an
investment in our securities, could be materially adversely affected.
</DIV>
<DIV align="left">
<A name="107"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>RATIOS OF EARNINGS TO FIXED CHARGES AND<BR>
EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For purposes of computing the ratio of earnings to fixed charges and the ratio of earnings to
combined fixed charges and preferred stock dividends, earnings consist of earnings from continuing
operations before income taxes and income or loss from equity investees, plus fixed charges and
distributed income of equity investees, less interest capitalized. Fixed charges consist of all
interest incurred, plus that portion of operating lease rental expense (33%) deemed to be
representative of interest, plus the amortization of debt issuance costs and bond discounts.
Combined fixed charges and preferred stock dividends consist of fixed charges and preferred stock
dividends declared. The fourth quarter of fiscal year 2005 was the first period we declared and
paid preferred stock dividends, and due to covenant restrictions, we have been prohibited from
paying dividends beginning with the first quarter of fiscal year 2008. The following table sets
forth the ratios of earnings to fixed charges and the ratios of earnings to combined fixed charges
and preferred stock dividends for each of the periods indicated:
</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="19" style="border-bottom: 1px solid #000000"><B>Year Ended October 31,</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>2010</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>2009</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>2008</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>2007</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>2006</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Ratio of earnings to fixed charges
<DIV style="font-size: 1pt; border-top: 1px dotted #000000; margin-left: 166px; margin-top: -3pt">&nbsp;</DIV></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(a</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(a</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(a</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(a</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.8</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Ratio of earnings to combined fixed charges and
preferred stock dividends
<DIV style="font-size: 1pt; border-top: 1px dotted #000000; margin-left: 137px; margin-top: -3pt">&nbsp;</DIV></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(b</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(b</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(b</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(b</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.7</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>

</DIV>



<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left"><I>(a)</I></TD>
    <TD>&nbsp;</TD>
    <TD><I>Earnings for the years ended October&nbsp;31, 2010, 2009, 2008 and 2007 were insufficient to
cover fixed charges for such period by $273.8&nbsp;million, $628.3&nbsp;million, $1,153.5&nbsp;million and
$684.6&nbsp;million, respectively.</I></TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left"><I>(b)</I></TD>
    <TD>&nbsp;</TD>
    <TD><I>Earnings for the years ended October&nbsp;31, 2010, 2009, 2008 and 2007 were insufficient to cover
fixed charges and preferred stock dividends for such period by $273.8&nbsp;million, $628.3&nbsp;million,
$1,153.5&nbsp;million and $695.6&nbsp;million, respectively. Due to restrictions in our indentures on
our senior secured, senior, and senior subordinated notes, we are currently prohibited from
paying dividends on our preferred stock and did not make any dividend payments in fiscal 2010,
2009 and 2008. In fiscal 2007 and 2006, we paid $10.7&nbsp;million of dividends on our preferred
stock.</I></TD>
</TR>

</TABLE>


<DIV align="left">
<A name="108"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>USE OF PROCEEDS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unless otherwise provided in the applicable prospectus supplement, the net proceeds from the
sale of the securities offered by this prospectus and each prospectus supplement, the &#147;offered
securities&#148;, will be used for general corporate purposes, which may include working capital needs,
the refinancing or repayment of existing indebtedness, capital expenditures, expansion of the
business and acquisitions. If any of the net proceeds from the offered securities will be used for
acquisitions, we will identify the acquisition in the applicable prospectus supplement. The net
proceeds may be invested temporarily in short-term securities or to repay short-term debt until
they are used for their stated purpose.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->5<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left">
<A name="109"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>DESCRIPTION OF DEBT SECURITIES</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following description of the terms of the debt securities sets forth certain general terms
that may apply to the debt securities that may be offered from time to time pursuant to this
prospectus. The particular terms of any debt securities will be described in the prospectus
supplement relating to those debt securities. Accordingly, for a description of the terms of a
particular issue of debt securities, reference must be made to both the prospectus supplement
relating thereto and the following description. The specific terms of debt securities as described
in the applicable prospectus supplement will supplement and, if applicable, may modify or replace
the general terms described in this prospectus.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In this section, references to &#147;Hovnanian&#148; mean Hovnanian Enterprises, Inc. and do not include
K. Hovnanian or any of its subsidiaries and references to &#147;K. Hovnanian&#148; mean K. Hovnanian
Enterprises, Inc. and do not include any of its subsidiaries.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The debt securities issued by K. Hovnanian, which we refer to as the &#147;K. Hovnanian Debt
Securities&#148; may be issued either separately, or together with, upon conversion of or in exchange
for, other securities. The K. Hovnanian Debt Securities will either be unsecured senior
obligations, which we refer to as the &#147;K Hovnanian Senior Debt Securities&#148;, unsecured senior
subordinated obligations, which we refer to as the &#147;K. Hovnanian Senior Subordinated Debt
Securities&#148; or unsecured subordinated obligations, which we refer to as the &#147;K. Hovnanian
Subordinated Debt Securities&#148;, of K. Hovnanian. The K. Hovnanian Debt Securities will be
guaranteed by Hovnanian, may be guaranteed by other subsidiaries of Hovnanian and will be issued:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>in the case of K. Hovnanian Senior Debt Securities, under a Senior Indenture,
the &#147;K. Hovnanian Senior Debt Indenture&#148;, among K. Hovnanian, Hovnanian and any
subsidiaries of Hovnanian, as guarantors, and the trustee specified in the
applicable prospectus supplement;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>in the case of K. Hovnanian Senior Subordinated Debt Securities, under a Senior
Subordinated Indenture, the &#147;K. Hovnanian Senior Subordinated Debt Indenture&#148;,
among K. Hovnanian, Hovnanian and any subsidiaries of Hovnanian, as guarantors, and
the trustee specified in the applicable prospectus supplement; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>in the case of K. Hovnanian Subordinated Debt Securities, under a Subordinated
Indenture, the &#147;K. Hovnanian Subordinated Debt Indenture&#148;, among K. Hovnanian,
Hovnanian and any subsidiaries of Hovnanian, as guarantors, and the trustee
specified in the applicable prospectus supplement.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The K. Hovnanian Senior Debt Indenture, the K. Hovnanian Senior Subordinated Debt Indenture and the
K. Hovnanian Subordinated Debt Indenture are sometimes referred to in this description individually
as a &#147;K. Hovnanian Indenture&#148; and collectively as the &#147;K. Hovnanian Indentures&#148;.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The debt securities issued by Hovnanian, which we refer to as the &#147;Hovnanian Debt Securities&#148;
may be issued either separately, or together with, upon conversion of or in exchange for, other
securities. The Hovnanian Debt Securities will either be unsecured senior obligations, which we
refer to as the &#147;Hovnanian Senior Debt Securities&#148; and together with the &#147;K. Hovnanian Senior Debt
Securities, the &#147;Senior Debt Securities&#148;, unsecured senior subordinated obligations, which we refer
to as the &#147;Hovnanian Senior Subordinated Debt Securities&#148; and together with the &#147;K. Hovnanian
Senior Subordinated Debt Securities, the &#147;Senior Subordinated Debt Securities&#148;, or unsecured
subordinated obligations, which we refer to as the &#147;Hovnanian Subordinated Debt Securities&#148; and
together with the &#147;K. Hovnanian Subordinated Debt Securities, the &#147;Subordinated Debt Securities&#148;,
of Hovnanian. The Hovnanian Debt Securities may be guaranteed by subsidiaries of Hovnanian and
will be issued:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>in the case of Hovnanian Senior Debt Securities, under a Senior Indenture, the
&#147;Hovnanian Senior Debt Indenture&#148;, among Hovnanian, any subsidiaries of Hovnanian,
as guarantors, and the trustee specified in the applicable prospectus supplement;</TD>
</TR>



</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->6<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>in the case of Hovnanian Senior Subordinated Debt Securities, under a Senior
Subordinated Indenture, the &#147;Hovnanian Senior Subordinated Debt Indenture&#148;, among
Hovnanian, any subsidiaries of Hovnanian, as guarantors, and the trustee specified
in the applicable prospectus supplement; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>in the case of Hovnanian Subordinated Debt Securities, under a Subordinated
Indenture, the &#147;Hovnanian Subordinated Debt Indenture&#148;, among Hovnanian, any
subsidiaries of Hovnanian, as guarantors, and the trustee specified in the
applicable prospectus supplement.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Hovnanian Senior Debt Indenture, The Hovnanian Senior Subordinated Debt Indenture and the
Hovnanian Subordinated Debt Indenture are sometimes referred to in this description individually as
a &#147;Hovnanian Indenture&#148; and collectively as the &#147;Hovnanian Indentures&#148;.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The K. Hovnanian Senior Indenture and the Hovnanian Senior Indenture are sometimes referred to
in this description individually as a &#147;Senior Debt Indenture&#148; and collectively as the &#147;Senior Debt
Indentures&#148;. The K. Hovnanian Senior Subordinated Debt Indenture and the Hovnanian Senior
Subordinated Debt Indenture are sometimes referred to in this description individually as a &#147;Senior
Subordinated Debt Indenture&#148; and collectively as the &#147;Senior Subordinated Debt Indentures&#148;. The K.
Hovnanian Subordinated Debt Indenture and the Hovnanian Subordinated Debt Indenture are sometimes
referred to individually as a &#147;Subordinated Debt Indenture&#148; and collectively as the &#147;Subordinated
Debt Indentures&#148;. The K. Hovnanian Indentures and the Hovnanian Indentures are sometimes referred
to in this description individually as an &#147;Indenture&#148; and collectively as the &#147;Indentures&#148;.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This summary of the terms and provisions of the debt securities and the Indentures is not
complete, and we refer you to the copies of the Indentures, which will be filed as exhibits to the
registration statement of which this prospectus forms a part. Whenever we refer to particular
defined terms of the Indentures in this section or in a prospectus supplement, we are incorporating
these definitions into this prospectus or the prospectus supplement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;None of the Indentures limits the amount of debt securities that may be issued thereunder, and
the Indentures provide that the debt securities may be issued from time to time in one or more
series. The Indentures permit the appointment of a different trustee for each series of debt
securities. Section references below are to sections in each Indenture unless otherwise indicated.
Wherever particular sections or defined terms of the applicable Indenture are referred to, those
sections or defined terms are incorporated herein by reference as part of the statement made, and
the statement is qualified in its entirety by the reference. The Indentures are substantially
identical, except for certain covenants, provisions relating to Hovnanian&#146;s guarantee and to
subordination. For purposes of the summaries set forth below, &#147;issuer&#148; shall refer to K. Hovnanian
in the case of the K. Hovnanian Debt Securities and the K. Hovnanian Indentures and to Hovnanian in
the case of the Hovnanian Debt Securities and the Hovnanian Indentures. &#147;Obligors&#148; refers to
Hovnanian and any subsidiaries of Hovnanian, as guarantors, the &#147;guarantors&#148;, in the case of the
Hovnanian Debt Securities and the Hovnanian Indentures, and to K. Hovnanian and Hovnanian and any
subsidiaries of Hovnanian, as guarantors, the &#147;guarantors&#148;, in the case of the K. Hovnanian Debt
Securities and the K. Hovnanian Indentures.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Provisions Applicable to Senior, Senior Subordinated and Subordinated Debt Securities</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>General</I>. The Hovnanian Debt Securities will be unsecured senior, senior subordinated or
subordinated obligations of Hovnanian and the K. Hovnanian Debt Securities will be unsecured
senior, senior subordinated or subordinated obligations of K. Hovnanian, except that, under
specified circumstances, K. Hovnanian may be released from these obligations. See &#147;Conditions for
Release of K. Hovnanian&#148;. Unless otherwise specified in any prospectus supplement, the Senior Debt
Securities will rank equally in right of payment with all of the other senior obligations of
Hovnanian or K. Hovnanian, as applicable, and the Senior Subordinated Debt Securities and the
Subordinated Debt Securities will have such terms with respect to rank and priority as described
under &#147;Provisions Applicable Solely to Senior Subordinated Debt Securities and Subordinated Debt
Securities&#151;Subordination&#148;. Except to the extent described in any prospectus supplement, the
Indentures do not, and the debt securities will not, contain any covenants or other provisions that
are intended to afford holders of the debt securities special protection in the event of either a
change of control of Hovnanian or a highly leveraged transaction by Hovnanian.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->7<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We refer you to the applicable prospectus supplement for the following terms of and
information relating to the debt securities being offered, the &#147;Offered Debt Securities&#148;, to the
extent these terms are applicable to Offered Debt Securities:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the title of the Offered Debt Securities;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>classification as K. Hovnanian Senior Debt Securities, K. Hovnanian Senior
Subordinated Debt Securities, K. Hovnanian Subordinated Debt Securities, Hovnanian
Senior Debt Securities, Hovnanian Senior Subordinated Debt Securities or Hovnanian
Subordinated Debt Securities, aggregate principal amount, purchase price and
denomination, and whether the Offered Debt Securities will be guaranteed by
Hovnanian and/or by the subsidiary guarantors of Hovnanian as described under
&#147;&#151;Description of Guarantees&#148; below;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the date or dates on which the principal of the  Offered Debt
Securities is payable;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the method by which amounts payable in respect of principal, premium, if any, or
interest, if any, on or upon the redemption of the Offered Debt Securities may be
calculated;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the interest rate or rates, or the method by which it will be determined, and
the date or dates from which the interest, if any, will accrue;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the date or dates on which the interest, if any, will be payable;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the place or places where and the manner in which the principal of, premium, if
any, and interest, if any, on the Offered Debt Securities will be payable and the
place or places where the Offered Debt Securities may be presented for transfer;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the right, if any, or obligation, if any, of Hovnanian or K. Hovnanian to
redeem, repay or purchase the Offered Debt Securities pursuant to any sinking fund,
amortization payments or analogous provisions, at the option of Hovnanian or K.
Hovnanian or at the option of a holder thereof, and the period or periods within
which, the price or prices or the method by which such price or prices will be
determined, or both at which, the form or method of payment therefor if other than
in cash and the terms and conditions upon which the Offered Debt Securities will be
redeemed, repaid or purchased pursuant to the obligation;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the terms for conversion or exchange, if any, of the Offered Debt Securities;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any provision relating to the issuance of the Offered Debt Securities at an
original issue discount;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>if the amounts of payments of principal of, premium, if any, and interest, if
any, on the Offered Debt Securities are to be determined with reference to an
index, the manner in which those amounts will be determined;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any applicable United States federal income tax consequences;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the currency or currencies for which the Offered Debt Securities may be
purchased and the currency or currencies in which principal, premium, if any, and
interest, if any, may be payable;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the trustee with respect to the series of Offered Debt Securities; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any other specific terms of the Offered Debt Securities, including any deleted,
modified or additional Events of Default or remedies or additional covenants
provided with respect to the Offered Debt Securities, and any terms that may be
required by or advisable under applicable laws or regulations.</TD>
</TR>




</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->8<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unless otherwise specified in any prospectus supplement, the debt securities will be issuable
in registered form and in denominations of $2,000 and integral multiples of $1,000 in excess
thereof, see Section&nbsp;2.7. No service charge will be made for any transfer or exchange of any debt
securities but the issuer or trustee may require payment of a sum sufficient to cover any tax or
other governmental charge, payable in connection therewith, see Section&nbsp;2.8.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Debt securities may bear interest at a fixed rate or a floating rate. Debt securities bearing
no interest or interest at a rate that at the time of issuance is below the prevailing market rate
may be issued at an initial offering price below their stated principal amount. Special United
States federal income tax considerations applicable to discounted debt securities or to some debt
securities issued at par that are treated as having been issued at a discount for United States
federal income tax purposes will be described in the applicable prospectus supplement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unless otherwise specified in any prospectus supplement, in determining whether the holders of
the requisite aggregate principal amount of outstanding debt securities of any series have given
any request, demand, authorization, direction, notice, consent or waiver under the Indentures, the
principal amount of any series of debt securities originally issued at a discount from their stated
principal amount that will be deemed to be outstanding for such purposes will be the amount of the
principal thereof that would be due and payable as of the date of the determination upon a
declaration of acceleration of the maturity thereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Description of Guarantees</I>. Hovnanian will fully and unconditionally guarantee, pursuant to the
K. Hovnanian Indentures, the due and prompt payment of the principal of and premium, if any, and
interest on the K. Hovnanian Debt Securities any and all other obligations of K. Hovnanian to the
holders of the K. Hovnanian Debt Securities and the trustee under the K. Hovnanian Indentures when
and as the same shall become due and payable, whether at the stated maturity, by declaration of
acceleration, call for redemption or otherwise. Any series of debt securities of Hovnanian may be
guaranteed by, and any series of debt securities of K. Hovnanian may be further guaranteed by,
certain subsidiaries of Hovnanian, the &#147;subsidiary guarantees&#148;, as provided in the applicable
prospectus supplement relating to such series. If debt securities are guaranteed by subsidiary
guarantors, that subsidiary guarantee will be set forth in a supplemental indenture.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payments with respect to the guarantee by Hovnanian of the K. Hovnanian Senior Subordinated
Debt Securities and K. Hovnanian Subordinated Debt Securities will be subordinated in right of
payment to the prior payment in full of all Senior Indebtedness of Hovnanian to the same extent and
manner that payments with respect to the K. Hovnanian Senior Subordinated Debt Securities and K.
Hovnanian Subordinated Debt Securities are subordinated in right of payment to the prior payment in
full of all Senior Indebtedness of K. Hovnanian as described under &#147;Provisions Applicable Solely to
Senior Subordinated Debt Securities and Subordinated Debt Securities&#148; below. Likewise, payments
with respect to subsidiary guarantees of Senior Subordinated Debt Securities and Subordinated Debt
Securities will be subordinated in right of payment to the prior payment in full of all Senior
Indebtedness of each such subsidiary guarantor to the same extent and manner that payments with
respect to the Senior Subordinated Debt Securities and Subordinated Debt Securities are
subordinated in right of payment to the prior payment in full of all Senior Indebtedness of the
issuer of such debt securities as described under &#147;Provisions Applicable Solely to Senior
Subordinated Debt Securities and Subordinated Debt Securities&#148; below.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Global Securities</I>. The debt securities of a series may be issued in whole or in part in the
form of one or more global securities, the &#147;global securities&#148;, that will be deposited with or on
behalf of a depositary, &#147;the depositary&#148;, identified in the prospectus supplement relating to such
series. Global securities may be issued only in fully registered form and in either temporary or
permanent form. Unless and until it is exchanged in whole or in part for the individual debt
securities represented thereby, a global security:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>may not be transferred except as a whole; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>may only be transferred</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>by the depositary for the global security to its nominee,</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>by a nominee of the depositary to the depositary or another nominee of the
depositary, or</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->9<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>by the depositary or any nominee to a successor depositary or nominee of the
successor depositary, see Section&nbsp;2.8.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The specific terms of the depositary arrangement with respect to a series of debt securities
will be described in the prospectus supplement relating to such series. Hovnanian and K. Hovnanian
anticipate that the following provisions generally will apply to all depositary arrangements.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon the issuance of a global security, the depositary for that global security or its nominee
will credit, on its book-entry registration and transfer system, the respective principal amounts
of the individual debt securities represented by that global security to the accounts of persons
that have accounts with such depositary. Those accounts will be designated by the dealers,
underwriters or agents with respect to those debt securities or by the issuer if the debt
securities are offered and sold directly by the issuer. Ownership of beneficial interests in a
global security will be limited to persons that have accounts with the applicable depositary,
participants, or persons that may hold interests through participants. Ownership of beneficial
interests in a global security will be shown on, and the transfer of that ownership will be
effected only through, records maintained by the applicable depositary or its nominee, with respect
to interests of participants, and the records of participants, with respect to interests of persons
other than participants. The laws of some states require that certain purchasers of securities take
physical delivery of these securities in definitive form. These limits and laws may impair the
ability to transfer beneficial interests in a global security.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As long as the depositary for a global security or its nominee is the registered owner of the
global security, the depositary or its nominee, as the case may be, will be considered the sole
owner or holder of the debt securities of the series represented by that global security for all
purposes under the Indenture governing those debt securities. Except as provided below, owners of
beneficial interests in a global security will not be entitled to have any of the individual debt
securities of the series represented by the global security registered in their names, will not
receive or be entitled to receive physical delivery of any of those debt securities in definitive
form and will not be considered the owners or holders thereof under the Indenture governing those
debt securities.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payment of principal of, premium, if any, and interest, if any, on individual debt securities
represented by a global security registered in the name of a depositary or its nominee will be made
to the depositary or its nominee, as the case may be, as the registered owner of the global
security representing the debt securities. Hovnanian and K. Hovnanian expect that the depositary
for a series of debt securities or its nominee, upon receipt of any payment of principal, premium,
if any, and interest, if any, in respect of a global security representing any of those debt
securities, will immediately credit participants&#146; accounts with payments in amounts proportionate
to their respective beneficial interests in the principal amount of the global security for those
securities as shown on the records of such depositary or its nominee. Hovnanian and K. Hovnanian
also expect that payments by participants to owners of beneficial interests in the global security
held through the participants will be governed by standing instructions and customary practices, as
is now the case with securities held for the accounts of customers in bearer form or registered in
&#147;street name.&#148; These payments will be the responsibility of the participants. Neither Hovnanian, K.
Hovnanian, the trustee for such debt securities, any paying agent nor the registrar for the debt
securities will have any responsibility or liability for any aspect of the records relating to or
payments made on account of beneficial ownership interests of the global security for the debt
securities or for maintaining, supervising or reviewing any records relating to beneficial
ownership interests.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the depositary for a series of debt securities is at any time unwilling, unable or
ineligible to continue as depositary and a successor depositary is not appointed by the issuer
within 90&nbsp;days, the issuer will issue individual debt securities of the applicable series in
exchange for the global security representing the applicable series of debt securities. In
addition, an issuer may at any time and in its sole discretion, subject to any limitations
described in the prospectus supplement relating to such debt securities, determine not to have any
debt securities of a series represented by a global security and, in such event, will issue
individual debt securities of the applicable series in exchange for the global security
representing the applicable series of debt securities. Further, if an issuer so specifies with
respect to the debt securities of a series, an owner of a beneficial interest in a global security
representing debt securities of that series may, on terms acceptable to the issuer, the trustee and
the depositary for the global security, receive individual debt securities of the applicable series
in exchange for beneficial interests, subject to any limitations described in the prospectus
supplement relating to the debt securities. In this instance, an owner of a beneficial interest in
a global security will be entitled to physical delivery of individual debt securities of the series
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->10<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">represented by the applicable global security equal in principal amount to the beneficial
interest and to have the debt securities registered in its name. Individual debt securities of the
series so issued will be issued in registered form and in denominations, unless otherwise specified
in the applicable prospectus supplement relating to that series of debt securities, of $2,000 and
integral multiples of $1,000 in excess thereof.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Events of Default</I>. Unless otherwise specified in the applicable prospectus supplement, an
Event of Default is defined under each Indenture with respect to the debt securities of any series
issued under the applicable Indenture as being:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>default in the payment of principal of or premium, if any, with respect to debt
securities of the applicable series when due;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>default in the payment of any installment of interest on any of the debt
securities of that series when due, continued for 30&nbsp;days;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>default in the payment or satisfaction of any sinking fund or other purchase
obligation with respect to debt securities of that series when due;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>default in the performance of any other covenant of any of the obligors&#146;
applicable to debt securities of that series, continued for 90&nbsp;days after written
notice to the obligors by the trustee or to the obligors and the trustee, by the
holders of at least 25% in aggregate principal amount of the debt securities of
that series then outstanding requiring the same to be remedied; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>specified events of bankruptcy, insolvency or reorganization of the issuer, see
Section&nbsp;5.1.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If any Event of Default shall occur and be continuing, the trustee or the holders of not less
than 25% in aggregate principal amount of the debt securities of that series then outstanding, by
notice in writing to Hovnanian or K. Hovnanian, as applicable, and to the trustee, if given by the
holders, may declare the principal, or, in the case of any series of debt securities originally
issued at a discount from their stated principal amount, the portion of the principal amount as may
be specified in the terms of that series, of all of the debt securities of that series and the
interest, if any, accrued thereon to be due and payable immediately. Subject to the conditions set
forth in each Indenture, the declaration described in the preceding sentence may be rescinded by
notice in writing to Hovnanian or K. Hovnanian, as applicable, and the trustee by holders of a
majority in aggregate principal amount of the debt securities of the series then outstanding. This
rescission will rescind and annul any declaration made pursuant to the first sentence of this
paragraph and its consequences if all defaults under such Indenture are cured or waived, see
Section&nbsp;5.1.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Indenture provides that no holder of any series of debt securities then outstanding may
institute any suit, action or proceeding with respect to, or otherwise attempt to enforce, that
Indenture, unless:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the holder previously gave the trustee written notice of default and of the
continuance thereof;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the holders of not less than 25% in aggregate principal amount of the applicable
series of debt securities then outstanding made written request to the trustee to
institute the suit, action or proceeding and offered to the trustee reasonable
indemnity as it may require with respect thereto; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the trustee, for 60&nbsp;days after its receipt of the notice, request and offer of
indemnity, neglected or refused to institute any action, suit or proceeding.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Subject to the subordination provisions applicable to the Senior Subordinated Debt Securities and
the Subordinated Debt Securities, the right, described in the above bullet points, of any holder of
any debt security to receive payment of the principal of, premium, if any, or interest, if any, on
that debt security, on or after the respective due dates, or to institute suit for the enforcement
of any payment shall not be impaired or affected without the consent of the holder, see Section
5.4.
</DIV>





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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The holders of a majority in aggregate principal amount of the debt securities of the series
then outstanding may direct the time, method and place of conducting any proceeding for any remedy
available to the trustee or exercising any trust or power conferred on the trustee with respect to
the debt securities of that series, provided that the trustee may decline to follow that direction
if the trustee determines that the action or proceeding is unlawful or would involve the trustee in
personal liability, see Section&nbsp;5.7.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hovnanian and/or K. Hovnanian, as applicable, are required to furnish annually to the trustee
a certificate as to compliance by Hovnanian and/or K. Hovnanian, as applicable, with all conditions
and covenants under each Indenture, see Section&nbsp;4.3.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Covenants </I>The covenants, if any, that will apply to a particular series of debt securities
will be as described in the applicable prospectus supplement relating to such series of debt
securities. Except as described herein and as otherwise specified in the applicable prospectus
supplement with respect to any series of debt securities, Hovnanian and/or K. Hovnanian as
applicable may remove or add covenants without the consent of holders of the debt securities.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Discharge and Defeasance</I>. Unless otherwise specified in the applicable prospectus supplement,
Hovnanian and/or K. Hovnanian, as applicable, can discharge or defease their respective obligations
with respect to any series of debt securities as described below, see Article&nbsp;Ten.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unless otherwise specified in any prospectus supplement, Hovnanian or K. Hovnanian, as
applicable, may discharge all of its obligations, except those described below, to holders of any
series of debt securities issued under any Indenture that have not already been delivered to the
trustee for cancellation and that have either become due and payable, or are by their terms due and
payable within one year or are to be called for redemption within one year, by irrevocably
depositing with the trustee cash or U.S. Government Obligations, as defined in the Indenture, or a
combination thereof, as trust funds in an amount to be sufficient to pay when due the principal of,
premium, if any, and interest, if any, on all outstanding debt securities of that series and to
make any mandatory sinking fund payments, if any, thereon when due.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unless otherwise provided in the applicable prospectus supplement, Hovnanian or K. Hovnanian,
as applicable, may also elect at any time to defease and be discharged from all of its obligations,
except those described below, to holders of any series of debt securities issued under each
Indenture, &#147;defeasance&#148;, or be released from all of their obligations with respect to specified
covenants and certain events of default applicable to any series of debt securities issued under
each Indenture, &#147;covenant defeasance&#148;, if, among other things:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Hovnanian or K. Hovnanian, as applicable, irrevocably deposit with the trustee
cash or U.S. Government Obligations, or a combination thereof, as trust funds in an
amount to be sufficient to pay when due the principal of, premium, if any, and
interest, if any, on all outstanding debt securities of the applicable series and
to make any mandatory sinking fund payments, if any, thereon when due;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the deposit will not result in a breach or violation of, or cause a default
under, any material agreement or instrument (other than the Indenture) to which
either Hovnanian or K. Hovnanian, as applicable, is a party or by which it is
bound; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Hovnanian or K. Hovnanian, as applicable, deliver to the trustee an opinion of
counsel to the effect that the holders of the applicable series of debt securities
will not recognize income, gain or loss for United States federal income tax
purposes as a result of the defeasance or covenant defeasance and that defeasance
will not otherwise alter the United States federal income tax treatment of the
holders&#146; principal of and interest payments, if any, on that series of debt
securities.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In the case of defeasance, the opinion must be based on a ruling of the Internal Revenue Service or
a change in United States federal income tax law occurring after the date of the Indenture relating
to the debt securities of such series, because this result would not occur under current tax law,
see Section&nbsp;10.4.
</DIV>



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</DIV>



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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding the foregoing, no discharge, defeasance or covenant defeasance described
above will affect the following obligations to, or rights of, the holders of any series of debt
securities:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>rights of registration of transfer and exchange of debt securities of the
applicable series;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>rights of substitution of mutilated, defaced, destroyed, lost or stolen debt
securities of the applicable series;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>rights of holders of debt securities of the applicable series to receive
payments of principal thereof, premium, if any, and interest, if any, thereon, upon
the original due dates therefore, but not upon acceleration, and to receive
mandatory sinking fund payments thereon when due, if any;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>rights, obligations, duties and immunities of the trustee;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>rights of holders of debt securities of a series as beneficiaries with respect
to property so deposited with the trustee payable to all or any of them; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>obligations of Hovnanian or K. Hovnanian, as applicable, to maintain an office
or agency in respect of debt securities of the series, see Section&nbsp;10.2.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hovnanian or K. Hovnanian, as applicable, may exercise the defeasance option with respect to
any series of debt securities notwithstanding the prior exercise of the covenant defeasance option
with respect to any series of debt securities. If Hovnanian or K. Hovnanian, as applicable,
exercises the defeasance option with respect to any series of debt securities, payment of that
series of debt securities may not be accelerated because of an Event of Default with respect to
that series of debt securities. If Hovnanian or K. Hovnanian, as applicable, exercises the covenant
defeasance option with respect to any series of debt securities, payment of that series of debt
securities may not be accelerated by reason of an Event of Default with respect to the covenants to
which such covenant defeasance is applicable. However, if acceleration were to occur by reason of
another Event of Default, the realizable value at the acceleration date of the cash and U.S.
Government Obligations in the defeasance trust could be less than the principal of, premium, if
any, and interest, if any, and any mandatory sinking fund payments, if any, then due on the series
of debt securities, in that the required deposit in the defeasance trust is based upon scheduled
cash flow rather than market value, which will vary depending upon interest rates and other
factors.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Modification of the Indenture</I>. Except as otherwise provided in the applicable prospectus
supplement, each Indenture provides that the obligors and the trustee may enter into supplemental
indentures without the consent of the holders of the debt securities to:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>evidence the assumption by a successor entity of the obligations of any of the
obligors under that Indenture;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>add covenants or new events of default for the protection of the holders of the
debt securities;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>cure any ambiguity or defect or correct any inconsistency in the Indenture;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>establish the form and terms of debt securities of any series;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>evidence the acceptance of appointment by a successor trustee;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>secure the debt securities of the applicable series or provide for guarantees of
the debt securities of any series and evidence the termination or discharge of any
guarantee of or lien securing the debt securities of such series when permitted
under the applicable Indenture;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>designate a bank or trust company other than the trustee specified in the
applicable prospectus supplement to act as trustee for a series of debt securities;</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->13<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>subject to the following paragraph, modify the existing covenants and events of
default solely in respect of, or add new covenants and events of default that apply
solely to, debt securities not yet issued and outstanding on the date of the
supplemental indenture;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>provide for the issuance of debt securities of any series in uncertificated form
in addition to or in place of certificated debt securities of any series and
exchangeability of those debt securities for fully registered debt securities;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>modify, eliminate or add to the provisions of the Indenture as necessary to
effect the qualification of the Indenture under the Trust Indenture Act of 1939 and
to add provisions expressly permitted by that Act;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>modify the provisions to provide for the denomination of debt securities in
foreign currencies that will not adversely affect the interests of the holders of
the debt securities in any material respect, see Section&nbsp;8.1;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>to conform the text of the applicable Indenture, Offered Debt Securities or
guarantees to this &#147;Description of Debt Securities&#148; or the comparable provisions in
the applicable prospectus supplement to the extent this &#147;Description of Debt
Securities&#148; or such comparable provision in a prospectus supplement was intended to
be a verbatim recitation of a provision of such Indenture, Offered Debt Securities
or guarantees; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>make any other change with respect to the debt securities of any series that
does not adversely affect the legal rights of holders of the debt securities of
such series.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Indenture also contains provisions permitting the obligors and the trustee, with the
consent of the holders of not less than a majority in aggregate principal amount of debt securities
of each series then outstanding and affected, to add any provisions to, or change in any manner or
eliminate any of the provisions of, the applicable Indenture or any supplemental indenture or
modify in any manner the rights of the holders of the debt securities of that series; provided that
the obligors and the trustee may not, without the consent of the holder of each outstanding debt
security affected thereby:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>change the stated final maturity of any debt security, reduce the principal
amount thereof, reduce the rate or extend the time of payment of interest
(including default interest), if any, thereon, reduce or alter the method of
computation of any amount payable on redemption, repayment or purchase by the
issuer, change the coin or currency in which principal, premium, if any, and
interest, if any, are payable, reduce the amount of the principal of any original
issue discount security payable upon acceleration or provable in bankruptcy, impair
or affect the right to institute suit for the enforcement of any payment or
repayment thereof or, if applicable, adversely affect any right of prepayment at
the option of the holder or make any change adverse to the interests of the holders
in the terms and conditions of the guarantee by Hovnanian or by the subsidiary
guarantors or modify the ranking or priority of the debt securities of any series
or any guarantees of the debt securities of such series; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>reduce the stated percentage in aggregate principal amount of debt securities of
any series issued under the Indenture, see Section&nbsp;8.2.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Consolidation, Merger, Sale or Conveyance</I>. Except as otherwise provided in the applicable
prospectus supplement, the K. Hovnanian Indentures provide that K. Hovnanian or Hovnanian may, and
the Hovnanian Indentures provide that Hovnanian may, without the consent of the holders of debt
securities, consolidate with, merge into or transfer, exchange or dispose of all of its properties
to, any other corporation or partnership organized under the laws of the United States, any state
thereof or the District of Columbia, provided that:
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->14<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the successor corporation or partnership assumes all obligations of K. Hovnanian
or Hovnanian, as the case may be, by supplemental indenture satisfactory in form to
the applicable trustee executed and delivered to that trustee, under the Indentures
and the debt securities;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>immediately after giving effect to the consolidation, merger, exchange or other
disposition, no Event of Default, and no event which, after notice or lapse of time
or both, would become an Event of Default, will have occurred and be continuing;
and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>certain other conditions are met, see Section&nbsp;9.1.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Conditions for Release of K. Hovnanian</I>. Except as otherwise provided in a prospectus
supplement, each K. Hovnanian Indenture provides that K. Hovnanian may be released from its
obligations under the K. Hovnanian Indenture and the K. Hovnanian Debt Securities, without the
consent of the holders of the K. Hovnanian Debt Securities of any series, provided that:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Hovnanian or any successor to Hovnanian has assumed the obligations of K.
Hovnanian under the K. Hovnanian Indenture and the K. Hovnanian Debt Securities by
supplemental indenture satisfactory in form to the applicable trustee executed and
delivered to that trustee;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Hovnanian delivers to the trustee an opinion of counsel to the effect that the
holders of K. Hovnanian Debt Securities will not recognize income, gain or loss for
United States federal income tax purposes as a result of the release of K.
Hovnanian from its obligations under the K. Hovnanian Indenture and the K.
Hovnanian Debt Securities and that such release will not otherwise alter the United
States federal income tax treatment of the holders of the K. Hovnanian Debt
Securities; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>certain other conditions are met, see Section&nbsp;14.1 of the K. Hovnanian
Indentures.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Provisions Applicable Solely to Senior Subordinated Debt Securities and Subordinated Debt
Securities</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Subordination</I>. The Subordinated Debt Securities will be subordinate and junior in right of
payment, to the extent described in the Subordinated Debt Indentures, to all Senior Indebtedness of
the obligors. The Senior Subordinated Debt Securities will be subordinate and junior in right of
payment, to the extent described in the Senior Subordinated Debt Indentures, to all Senior
Indebtedness of the obligors. The Senior Subordinated Debt Securities will rank senior to all
existing and future Indebtedness of the obligors that is neither Senior Indebtedness of the
obligors nor Senior Subordinated Indebtedness and only Indebtedness of the obligors that is Senior
Indebtedness of the obligors will rank senior to the Senior Subordinated Debt Securities in
accordance with the subordination provisions of the Senior Subordinated Debt Indentures.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except as otherwise provided in the applicable prospectus supplement:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Senior Indebtedness&#148; of the obligors is defined in the Subordinated Debt Indentures and the
Senior Subordinated Debt Indentures as Indebtedness of the obligors outstanding at any time, other
than the Indebtedness evidenced by such debt securities, except:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any Indebtedness as to which, by the terms of the instrument creating or
evidencing the same, it is provided that the Indebtedness is not senior or prior in
right of payment to such debt securities or is <I>pari passu </I>or subordinate by its
terms in right of payment to such debt securities;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>renewals, extensions and modifications of any such Indebtedness;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any Indebtedness of the obligors to a wholly-owned Subsidiary of the obligors;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any liability for federal, state or local taxes;</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->15<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>interest accruing after the filing of a petition initiating certain events of
bankruptcy or insolvency unless that interest is an allowed claim enforceable
against the obligor in a proceeding under federal or state bankruptcy laws; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>trade payables.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Senior Subordinated Indebtedness&#148; of Hovnanian or K. Hovnanian, as applicable, is defined in
the Senior Subordinated Debt Indentures as the applicable Senior Subordinated Debt Securities and
any other Indebtedness of Hovnanian or K. Hovnanian, as applicable, that ranks <I>pari passu </I>with such
Senior Subordinated Debt Securities. Any Indebtedness of Hovnanian or K. Hovnanian, as applicable,
that is subordinate or junior by its terms in right of payment to any other Indebtedness of
Hovnanian or K. Hovnanian, as applicable, will be subordinate to Senior Subordinated Indebtedness
of Hovnanian or K. Hovnanian, as applicable, unless the instrument creating or evidencing the same
or pursuant to which the same is outstanding specifically provides that this Indebtedness is to
rank <I>pari passu </I>with other Senior Subordinated Indebtedness of Hovnanian or K. Hovnanian, as
applicable, and is not subordinated by its terms to any Indebtedness of Hovnanian that is not
Senior Indebtedness of Hovnanian or K. Hovnanian, as applicable.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Senior Subordinated Indebtedness of Hovnanian as a guarantor of K. Hovnanian Senior
Subordinated Debt Securities or of a subsidiary guarantor will have a similar meaning.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except as otherwise provided in the applicable prospectus supplement, the following
subordination provisions will apply to the Senior Subordinated Debt Securities and the Subordinated
Debt Securities:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Hovnanian or K. Hovnanian, as applicable, should default in the payment of any
principal of, premium, if any, or interest, if any, on any Senior Indebtedness of
Hovnanian or K. Hovnanian, as applicable, when the same becomes due and payable,
whether at maturity or at a date fixed for prepayment or by declaration of
acceleration or otherwise, or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any other default with respect to Senior Indebtedness of Hovnanian or K.
Hovnanian, as applicable, occurs and the maturity of the Senior Indebtedness has
been accelerated in accordance with its terms, then, upon written notice of the
default to Hovnanian or K. Hovnanian, as applicable, by the holders of the Senior
Indebtedness or any trustee therefor, unless and until the default is cured or
waived or has ceased to exist or the acceleration has been rescinded, no direct or
indirect payment, in cash, property or securities, by set-off or otherwise, will be
made or agreed to be made for principal of, premium, if any, or interest, if any,
on any of the Senior Subordinated Debt Securities or the Subordinated Debt
Securities, or in respect of any redemption, retirement, purchase or other
acquisition of the Senior Subordinated Debt Securities or the Subordinated Debt
Securities other than those made in capital stock of Hovnanian, or cash in lieu of
fractional shares thereof, see Section&nbsp;13.1 of the Senior Subordinated Debt
Indentures and Section&nbsp;13.1 of the Subordinated Debt Indentures.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If any default, other than a default described in the bullet points directly above, occurs
under the Senior Indebtedness of Hovnanian or K. Hovnanian, as applicable, pursuant to which the
maturity thereof may be accelerated immediately or the expiration of any applicable grace periods
occurs, a &#147;Senior Nonmonetary Default&#148;, then, upon the receipt by Hovnanian or K. Hovnanian, as
applicable, and the trustee of written notice thereof, a &#147;payment notice&#148;, from or on behalf of
holders of 25% or more of the aggregate principal amount of Senior Indebtedness specifying an
election to prohibit the payment and other action by Hovnanian or K. Hovnanian, as applicable, in
accordance with the following provisions of this paragraph Hovnanian or K. Hovnanian, as
applicable, may not make any payment or take any other action that would be prohibited by the
bullet points directly above during the period, the &#147;payment blockage period&#148; commencing on the
date of receipt of the payment notice and ending on the earlier of:
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->16<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the date, if any, on which the holders of such Senior Indebtedness or their
representative notify the trustee that the Senior Nonmonetary Default is cured,
waived or ceases to exist or the Senior Indebtedness to which the Senior
Nonmonetary Default relates is discharged, or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the 120th day after the date of receipt of the payment notice.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding the provisions described in the immediately preceding bullet points, Hovnanian
or K. Hovnanian, as applicable, may resume payments on the Senior Subordinated Debt Securities and
the Subordinated Debt Securities after the payment blockage period. After the expiration of the
initial payment blockage period, no subsequent payment blockage period may be commenced on the
basis of a Senior Nonmonetary Default which existed or was continuing on the date of the
commencement of the initial payment blockage period until at least 270 consecutive days have
elapsed from the last day of the initial payment blockage period.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>without the consent of Hovnanian or K. Hovnanian, as applicable, a receiver,
conservator, liquidator or trustee of Hovnanian or K. Hovnanian, as applicable, or
of any of its property is appointed by the order or decree of any court or agency
or supervisory authority having jurisdiction, and the decree or order remains in
effect for more than 60&nbsp;days, Hovnanian or K. Hovnanian, as applicable, is
adjudicated bankrupt or insolvent, any of its property is sequestered by court
order and that order remains in effect for more than 60&nbsp;days, or a petition is
filed against Hovnanian or K. Hovnanian, as applicable, under any state or federal
bankruptcy, reorganization, arrangement, insolvency, readjustment of debt,
dissolution, liquidation or receivership law of any jurisdiction whether now or
hereafter in effect, and is not dismissed within 60&nbsp;days after such filing;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Hovnanian or K. Hovnanian, as applicable:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>commences a voluntary case or other proceeding seeking liquidation,
reorganization, arrangement, insolvency, readjustment of debt, dissolution,
liquidation or other relief with respect to itself or its debt or other
liabilities under any bankruptcy, insolvency or other similar law now or
hereafter in effect or seeking the appointment of a trustee, receiver,
liquidator, custodian or other similar official of it or any substantial part
of its property;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>consents to any such relief or to the appointment of or taking possession by
any of the above officials in an involuntary case or other proceeding commenced
against it;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>fails generally to, or cannot, pay its debts generally as they become due;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>takes any corporate action to authorize or effect any of the foregoing; or</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any Subsidiary of the obligor takes, suffers or permits to exist any of the
events or conditions referred to in any of the above bullet points,</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">then all Senior Indebtedness of Hovnanian or K. Hovnanian, as applicable, including any interest
thereon accruing after the commencement of any proceedings, will first be paid in full before any
payment or distribution, whether in cash, securities or other property, is made by the obligor to
any holder of Senior Subordinated Debt Securities or Subordinated Debt Securities on account of the
principal of, premium, if any, or interest, if any, on the Senior Subordinated Debt Securities or
Subordinated Debt Securities, as the case may be.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any payment or distribution, whether in cash, securities or other property, other than
securities of Hovnanian or K. Hovnanian, as applicable, or any other corporation provided for by a
plan of reorganization or readjustment the payment of which is subordinate, at least to the extent
provided in the subordination provisions with respect to the indebtedness evidenced by the Senior
Subordinated Debt Securities or the Subordinated Debt Securities, to the payment of all Senior
Indebtedness of the obligor then outstanding and to any securities issued in
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">respect thereof under a plan of reorganization or readjustment, that would otherwise, but for
the subordination provisions, be payable or deliverable in respect of the Senior Subordinated Debt
Securities or the Subordinated Debt Securities of any series will be paid or delivered directly to
the holders of Senior Indebtedness of the obligor in accordance with the priorities then existing
among such holders until all Senior Indebtedness of Hovnanian or K. Hovnanian, as applicable,
including any interest thereon accruing after the commencement of proceedings, has been paid in
full. In the event of any proceeding, after payment in full of all sums owing with respect to
Senior Indebtedness of the obligor, the holders of Senior Subordinated Debt Securities, together
with the holders of any obligations of the obligor ranking on a parity with the Senior Subordinated
Debt Securities, will be entitled to be repaid from the remaining assets of Hovnanian or K.
Hovnanian, as applicable, the amounts at that time due and owing on account of unpaid principal of,
premium, if any, or interest, if any, on the Senior Subordinated Debt Securities and such other
obligations before any payment or other distribution, whether in cash, property or otherwise, shall
be made on account of any capital stock or obligations of the obligor ranking junior to the Senior
Subordinated Debt Securities, including the Subordinated Debt Securities, and such other
obligations, see Section&nbsp;13.1 of the Senior Subordinated Debt Indentures and Section&nbsp;13.1 of the
Subordinated Debt Indentures.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If any payment or distribution of any character, whether in cash, securities or other
property, other than securities of Hovnanian or K. Hovnanian, as applicable, or any other
corporation provided for by a plan of reorganization or readjustment the payment of which is
subordinate, at least to the extent provided in the subordination provisions with respect to the
Senior Subordinated Debt Securities or the Subordinated Debt Securities, to the payment of all
Senior Indebtedness of Hovnanian or K. Hovnanian, as applicable, then outstanding and to any
securities issued in respect thereof under the plan of reorganization or readjustment, will be
received by the trustee, or any holder of any Senior Subordinated Debt Securities or Subordinated
Debt Securities in contravention of any of the terms of the Senior Subordinated Debt Indenture or
the Subordinated Debt Indenture, as the case may be, such payment or distribution of securities
will be received in trust for the benefit of, and will be paid over or delivered and transferred
to, the holders of the Senior Indebtedness of Hovnanian or K. Hovnanian, as applicable, then
outstanding in accordance with the priorities then existing among the holders for application to
the payment of all Senior Indebtedness of Hovnanian or K. Hovnanian, as applicable, remaining
unpaid to the extent necessary to pay all the Senior Indebtedness of Hovnanian or K. Hovnanian, as
applicable, in full, see Section&nbsp;13.1 of the Senior Subordinated Debt Indentures and Section&nbsp;13.1
of the Subordinated Debt Indentures.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;By reason of the subordination, in the event of the insolvency of Hovnanian or K. Hovnanian,
as applicable, holders of Senior Indebtedness of Hovnanian or K. Hovnanian, as applicable, may
receive more, ratably, than holders of the Senior Subordinated Debt Securities or Subordinated Debt
Securities of Hovnanian or K. Hovnanian, as applicable. Subordination will not prevent the
occurrence of any Event of Default, as defined in the Indentures, or limit the right of
acceleration in respect of the Senior Subordinated Debt Securities or Subordinated Debt Securities.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Concerning the Trustee</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Information concerning the trustee for a series of debt securities will be set forth in the
prospectus supplement relating to that series of debt securities. Hovnanian, K. Hovnanian and
certain of Hovnanian&#146;s other subsidiaries may maintain bank accounts, borrow money and have other
commercial banking, investment banking and other business relationships with the trustee under an
Indenture and its affiliates in the ordinary course of business. The trustee under an Indenture or
its affiliates may participate as underwriters, agents or dealers in any offering of K. Hovnanian
debt securities and/or Hovnanian debt securities.
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left">
<A name="110"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>DESCRIPTION OF CAPITAL STOCK</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following description of our common stock and preferred stock, together with the
additional information we include in any applicable prospectus supplement, summarizes the material
terms and provisions of the common stock and the preferred stock that may be offered from time to
time pursuant to this prospectus. While the terms we have summarized below will apply generally to
any future common stock or preferred stock that we may offer, we will describe the particular terms
of any class or series of these securities in more detail in the applicable prospectus supplement.
For the complete terms of our common stock and preferred stock, please refer to Hovnanian&#146;s amended
certificate of incorporation, the &#147;Certificate of Incorporation&#148; and restated bylaws, the &#147;Restated
By-Laws&#148; that are incorporated by reference as exhibits to the registration statement of which this
prospectus is a part. The terms of these securities may also be affected by the General Corporation
Law of the State of Delaware. The summary below and that contained in any prospectus supplement is
qualified in its entirety by reference to the Certificate of Incorporation and Restated By-laws.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The authorized capital stock of Hovnanian is 230,100,000 shares consisting of 200,000,000
shares of Class&nbsp;A Common Stock, par value $.01 per share, the &#147;Class&nbsp;A Common Stock&#148;, 30,000,000
shares of Class&nbsp;B Common Stock, par value $.01 per share, the &#147;Class&nbsp;B Common Stock&#148;, and 100,000
shares of preferred stock, par value $.01 per share, in the series and with the voting powers,
designations, preferences and relative, participating, optional or other special rights, and
qualifications, limitations or restrictions thereof, as may be fixed from time to time by the Board
of Directors of Hovnanian for each series.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Common Stock</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
of December 17, 63,277,710 shares of Class&nbsp;A Common Stock and 14,564,595 shares of Class
B Common Stock were issued and outstanding. The Class&nbsp;A Common Stock is traded on the New York
Stock Exchange under the symbol &#147;HOV&#148;. There is no established public trading market for the Class
B Common Stock. In order to trade Class&nbsp;B Common Stock, the shares must be converted into Class&nbsp;A
Common Stock on a one-for-one basis. Any offering of common stock made hereby will consist only of
Class&nbsp;A Common Stock. The outstanding Class&nbsp;A Common Stock is, and any Class&nbsp;A Common Stock offered
pursuant to this prospectus and any prospectus supplement when issued and paid for will be, fully
paid and non-assessable.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Dividends</I>. Dividends on the Class&nbsp;A Common Stock will be paid if, when and as determined by
the Board of Directors of Hovnanian out of funds legally available for this purpose. Certain debt
instruments to which Hovnanian is a party contain restrictions on the payment of cash dividends. As
a result of the most restrictive of these provisions, Hovnanian is not currently able to pay any
cash dividends and anticipates that it will be prohibited from doing so for the foreseeable future.
Hovnanian has never paid cash dividends on its Class&nbsp;A Common Stock nor does it currently intend to
pay cash dividends on its Class&nbsp;A Common Stock. If and when declared, the amount of any regular
cash dividend payable on a share of Class&nbsp;A Common Stock will be an amount equal to 110% of the
corresponding regular cash dividend payable on a share of Class&nbsp;B Common Stock.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Voting Rights</I>. Holders of Class&nbsp;A Common Stock are entitled to one vote for each share held
by them on all matters presented to shareholders. Holders of Class&nbsp;B Common Stock are generally
entitled to ten votes per share.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Liquidation Rights</I>. After satisfaction of the preferential liquidation rights of any preferred
stock, the holders of the Class&nbsp;A Common Stock and Class&nbsp;B Common Stock are entitled to share
ratably as a single class in the distribution of all remaining net assets.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Preemptive and Other Rights</I>. The holders of Class&nbsp;A Common Stock do not have preemptive rights
as to additional issues of common stock or conversion rights. The shares of Class&nbsp;A Common Stock
are not subject to redemption or to any further calls or assessments and are not entitled to the
benefit of any sinking fund provisions. The rights, preferences and privileges of holders of Class
A Common Stock are subject to, and may be adversely affected by, the rights of the holder of shares
of any series of preferred stock that Hovnanian may designate and issue in the future.
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Preferred Stock</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Certificate of Incorporation authorizes the Board of Directors of Hovnanian to issue from
time to time up to 100,000 shares of preferred stock, in one or more series, and with the voting
powers, designations, preferences and relative, participating, optional or other special rights,
and qualifications, limitations or restrictions thereof, as may be fixed from time to time by the
Board of Directors of Hovnanian for each series. The preferred stock may be used by the Board of
Directors of Hovnanian without further action by Hovnanian&#146;s stockholders as an anti-takeover
device. As of December 17, 2010, 5,600 shares of Hovnanian&#146;s preferred stock were issued and
outstanding, consisting of entirely of Hovnanian&#146;s 7.625% Series&nbsp;A Preferred Stock (liquidation
preference $25,000.00 per share) par value $.01 per share, the &#147;Series&nbsp;A Preferred Stock&#148;.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The applicable prospectus supplement will describe the terms of any preferred stock that may
be offered, including the number of shares, dividend rate and dividend period, liquidation value,
voting rights, conversion rights (if any), dividend and liquidation preferences, redemption terms,
whether depositary shares representing fractional interests will be offered, and any other rights,
privileges and limitations thereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>7.625% Series&nbsp;A Preferred Stock</I>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividends on the Series&nbsp;A Preferred Stock are not cumulative. The Series&nbsp;A Preferred Stock
ranks senior to Hovnanian&#146;s common stock with respect to the payment of dividends to the extent
provided in the Certificate of Designations, Powers, Preferences and Rights of the 7.625% Series&nbsp;A
Preferred Stock (the &#147;Certificate&#148;). The Certificate provides that unless dividends have been
declared and paid or set apart for payment on the Series&nbsp;A Preferred Stock for the then-currently
quarterly dividend period, no dividend may be declared or paid or set apart for payment on
Hovnanian&#146;s common stock for that period, other than dividends or distributions paid in shares of,
or options, warrants or rights to subscribe for or purchase shares of, the common stock of
Hovnanian or any other stock of Hovnanian ranking, as to the payment of dividends and the
distribution of assets upon dissolution, liquidation or winding up of Hovnanian, junior to the
Series&nbsp;A Preferred Stock.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Series&nbsp;A Preferred Stock is traded as depositary shares, with each depositary share
representing 1/1000th of a share of Series&nbsp;A Preferred Stock, and is listed on the NASDAQ Global
Market under the symbol &#147;HOVNP&#148;.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Series&nbsp;A Preferred Stock has no voting rights except as provided for in the Certificate or
as otherwise required by law. However, so long as any shares of Series&nbsp;A Preferred Stock are
outstanding, Hovnanian will not, without the vote of the holders of at least a majority of the
shares of the Series&nbsp;A Preferred Stock, (1)&nbsp;authorize, create or issue any capital stock of
Hovnanian ranking, as to dividends or upon liquidation, dissolution or winding up, senior to the
Series&nbsp;A Preferred Stock, or reclassify any authorized capital stock of Hovnanian into any such
shares of such capital stock, or issue any obligation or security convertible into or evidencing
the right to purchase any such shares, or (2)&nbsp;amend, alter or repeal the Certificate, or the
certificate of incorporation of Hovnanian, whether by merger, consolidation or otherwise, in a way
that adversely affects the powers, preferences or special rights of the Series&nbsp;A Preferred Stock.
Any increase in the amount of authorized common stock or preferred stock or any increase or
decrease in the number of shares of any series of preferred stock or the authorization, creation
and issuance of other classes or series of stock, in each case ranking equally with or junior to
the Series&nbsp;A Preferred Stock will not be deemed to adversely affect such powers, preferences or
special rights.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Series&nbsp;A Preferred Stock has liquidation preferences over Hovnanian&#146;s common stock. Upon
any liquidation, dissolution or winding up of Hovnanian, the holders of the Series&nbsp;A Preferred
Stock will be entitled to receive out of the assets of Hovnanian available for distribution to its
stockholders, an amount equal to the liquidation preference of $25,000.00 per share plus all
accrued and unpaid dividends before any payment or distribution out of Hovnanian&#146;s assets may be
made to or set apart for the holders of Hovnanian&#146;s common stock or other junior equity. If, upon
any liquidation, dissolution or winding up of Hovnanian, the assets of Hovnanian, or proceeds
thereof, distributable among the holders of shares Series&nbsp;A Preferred Stock and any stock ranking
equally with the Series&nbsp;A Preferred Stock shall be insufficient to pay in full the preferential
amounts to which such stock would be entitled, then such assets, or the proceeds thereof, shall be
distributable among such holders ratably in accordance with the respective amounts which would be
payable on such shares if all amounts payable thereon were
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">paid in full. Neither a consolidation nor merger of Hovnanian, nor a sale, lease, exchange or
transfer of all or substantially all of Hovnanian&#146;s assets will be deemed to be a liquidation,
dissolution or winding up of Hovnanian.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Rights Plan</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On July&nbsp;29, 2008, the Board of Directors of Hovnanian adopted a rights plan, the &#147;Rights
Plan,&#148; and declared a dividend of one preferred share purchase right for each outstanding share of
Class&nbsp;A Common Stock and Class&nbsp;B Common Stock, which was subsequently paid to stockholders of
record as of August&nbsp;15, 2008. Subject to the terms, provisions and conditions of the rights plan,
if and when they become exercisable, each right would entitle its holder to purchase from Hovnanian
one ten-thousandth of a share of Hovnanian&#146;s Series&nbsp;B Junior Preferred Stock for a purchase price
of $35.00, the &#147;Purchase Price.&#148; If issued, each fractional share of Preferred Stock would give
the stockholder approximately the same dividend, voting and liquidation rights as does one share of
Hovnanian&#146;s Class&nbsp;A Common Stock. However, prior to exercise, a right does not give its holder any
rights as a stockholder of Hovnanian, including without limitation any dividend, voting or
liquidation rights.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Board of Directors of Hovnanian adopted the Rights Plan in an effort to protect
stockholder value by attempting to protect against a possible limitation on Hovnanian&#146;s ability to
use our net operating loss carryforwards, &#147;NOLs,&#148; to reduce potential future federal income tax
obligations. Hovnanian has experienced and continues to experience substantial operating losses,
and under the Internal Revenue Code and rules promulgated by the Internal Revenue Service,
Hovnanian may &#147;carry forward&#148; these losses in certain circumstances to offset any current and
future earnings and thus reduce its federal income tax liability, subject to certain requirements
and restrictions. To the extent that the NOLs do not otherwise become limited, Hovnanian believes
that it will be able to carry forward a significant amount of NOLs, and therefore these NOLs could
be a substantial asset to Hovnanian. However, if Hovnanian experiences an &#147;Ownership Change,&#148; as
defined in Section&nbsp;382 of the Internal Revenue Code, Hovnanian&#146;s ability to use the NOLs will be
substantially limited, and the timing of the usage of the NOLs could be substantially delayed,
which could therefore significantly impair the value of that asset. The Rights Plan is intended
to act as a deterrent to any person or group acquiring 4.9% or more of our outstanding Class&nbsp;A
Common Stock, an &#147;Acquiring Person,&#148; without the approval of Hovnanian&#146;s Board.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Exercisability</I>. The rights will not be exercisable until the earlier of (i)&nbsp;10 business days
after a public announcement by us that a person or group has become an Acquiring Person and (ii)&nbsp;10
business days after the commencement of a tender or exchange offer by a person or group for 4.9% of
the Class&nbsp;A Common Stock.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Until the date that the rights become exercisable, the &#147;Distribution Date,&#148; the rights are
evidenced by Hovnanian&#146;s Class&nbsp;A Common Stock and Class&nbsp;B Common Stock certificates which contain a
notation to that effect. Any transfer of shares of Class&nbsp;A Common Stock and/or Class&nbsp;B Common Stock
prior to the Distribution Date constitutes a transfer of the associated rights. After the
Distribution Date, the rights may be transferred separately from the transfer of the underlying
shares of Class&nbsp;A Common Stock or Class&nbsp;B Common Stock. After the Distribution Date, each holder
of a right, other than rights beneficially owned by the Acquiring Person (which will thereupon
become void), will thereafter have the right to receive upon exercise of a right and payment of the
Purchase Price, that number of shares of Class&nbsp;A Common Stock or Class&nbsp;B Common Stock, as the case
may be, having a market value of two times the Purchase Price.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Exchange</I>. After the Distribution Date, the Board of Directors may exchange the rights (other
than rights owned by an Acquiring Person which will have become void), in whole or in part, at an
exchange ratio of one share of Common Stock, or a fractional share of Series&nbsp;B Preferred Stock (or
of a share of a similar class or series of Hovnanian&#146;s preferred stock having similar rights,
preferences and privileges) of equivalent value, per right (subject to adjustment).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Expiration</I>. The rights and the Rights Plan will expire on the earliest of (i)&nbsp;August&nbsp;14,
2018, (ii)&nbsp;the time at which the rights are redeemed pursuant to the Rights Agreement, (iii)&nbsp;the
time at which the rights are exchanged pursuant to the Rights Agreement, (iv)&nbsp;the repeal of Section
382 of the Internal Revenue Code or any successor statute if the Board of Directors determines that
the Rights Agreement is no longer necessary for the preservation of tax benefits, and (v)&nbsp;the
beginning of a taxable year of Hovnanian to which the Board of Directors determines that no tax
benefits may be carried forward.
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Redemption</I>. At any time prior to the time an Acquiring Person becomes such, the Board of
Directors may redeem the rights in whole, but not in part, at a price of $0.01 per right, the
&#147;Redemption Price.&#148; The redemption of the rights may be made effective at such time, on such basis
and with such conditions as the Board of Directors in its sole discretion may establish.
Immediately upon any redemption of the rights, the right to exercise the rights will terminate and
the only right of the holders of rights will be to receive the Redemption Price.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Anti-Dilution Provisions</I>. The Board of Directors may adjust the purchase price of the
preferred shares, the number of preferred shares issuable and the number of outstanding rights to
prevent dilution that may occur as a result of certain events, including among others, a stock
dividend, a stock split or a reclassification of the preferred shares or Hovnanian&#146;s Class&nbsp;A Common
Stock or Class&nbsp;B Common Stock. No adjustments to the purchase price of less than 1% will be made.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Amendments</I>. Before the Distribution Date, the Board of Directors may amend or
supplement the Rights Plan without the consent of the holders of the rights. After the Distribution
Date, the Board of Directors may amend or supplement the rights Plan only to cure an ambiguity, to
alter time period provisions, to correct inconsistent provisions, or to make any additional changes
to the Rights Plan, but only to the extent that those changes do not impair or adversely affect any
rights holder.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Transfer Restrictions in the Certificate of Incorporation</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At a special meeting of stockholders held on December&nbsp;5, 2008, Hovnanian&#146;s stockholders
approved an amendment to its Certificate of Incorporation to restrict certain transfers of Class&nbsp;A
Common Stock in order to preserve the tax treatment of Hovnanian&#146;s NOLs under Section&nbsp;382 of the
Internal Revenue Code. Subject to certain exceptions pertaining to pre-existing 5% stockholders and
Class&nbsp;B stockholders, the transfer restrictions in the amended Certificate of Incorporation
generally restrict any direct or indirect transfer (such as transfers of Hovnanian&#146;s stock that
result from the transfer of interests in other entities that own Hovnanian&#146;s stock) if the effect
would be to: (i)&nbsp;increase the direct or indirect ownership of Hovnanian&#146;s stock by any person (or
public group) from less than 5% to 5% or more of Hovnanian&#146;s common stock; (ii)&nbsp;increase the
percentage of Hovnanian&#146;s common stock owned directly or indirectly by a person (or public group)
owning or deemed to own 5% or more of Hovnanian&#146;s common stock; or (iii)&nbsp;create a new public group.
Transfers included under the transfer restrictions include sales to persons (or public groups)
whose resulting percentage ownership (direct or indirect) of common stock would exceed the 5%
thresholds discussed above, or to persons whose direct or indirect ownership of common stock would
by attribution cause another person (or public group) to exceed such threshold.
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left">
<A name="111"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>DESCRIPTION OF DEPOSITARY SHARES</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following description of depositary shares representing shares of our preferred stock sets
forth certain general terms and provisions of depositary agreements, depositary shares and
depositary receipts. The particular terms of the depositary shares and related agreements and
receipts will be described in the prospectus supplement relating to those depositary shares. The
description set forth below and in any prospectus supplement is not complete, and is subject to,
and qualified in its entirety by reference to, the applicable depositary agreement, a form of which
has been incorporated by reference as an exhibit to the Registration Statement of which this
prospectus forms a part, and the depositary receipts, which will be filed as exhibits to the
Registration Statement or filed as exhibits to one or more current reports on Form 8-K and
incorporated by reference herein. The specific terms of the depositary shares as described in the
applicable prospectus supplement will supplement and, if applicable, may modify or replace the
general terms described in this prospectus.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>General</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hovnanian may, at its option, elect to offer fractional shares of preferred stock, rather than
full shares of preferred stock. In such event, Hovnanian will issue receipts for depositary shares,
each of which will represent a fraction of a share of a particular series of preferred stock.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The shares of any series of preferred stock represented by depositary shares will be deposited
under a deposit agreement between Hovnanian and a bank or trust company selected by Hovnanian
having its principal office in the United States and having a combined capital and surplus of at
least $50,000,000, as preferred stock depositary. Each owner of a depositary share will be entitled
to all the rights and preferences of the underlying preferred stock, including dividend, voting,
redemption, conversion and liquidation rights, in proportion to the applicable fraction of a share
of preferred stock represented by such depositary share.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The depositary shares will be evidenced by depositary receipts issued pursuant to the deposit
agreement. Depositary receipts will be distributed to the registered holder purchasing the
fractional shares of preferred stock in accordance with the terms of the applicable prospectus
supplement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares of preferred stock represented by depositary shares may be withdrawn from the
depositary arrangement upon surrender of depositary receipts at the principal office of the
preferred stock depositary and upon payment of the taxes, charges and fees provided for in the
deposit agreement. Subject to the terms of the deposit agreement, the holder of depositary receipts
will receive the appropriate number of shares of preferred stock and any money or property
represented by such depositary shares. Only whole shares of preferred stock may be withdrawn; if a
holder holds an amount of depositary shares in excess of whole shares of preferred stock, the
preferred stock depositary will deliver along with the withdrawn shares of preferred stock a new
depositary receipt evidencing the excess number of depositary shares. Except as described in the
deposit agreement, holders of withdrawn shares of preferred stock will not be entitled to redeposit
such shares or to receive depositary shares.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Dividends and Other Distributions</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The preferred stock depositary will distribute all cash dividends or other cash distributions
received in respect of the deposited preferred stock to the record holders of depositary shares
relating to such preferred stock in proportion to the number of such depositary shares owned by
such holders.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The preferred stock depositary will distribute any property received by it other than cash to
the record holders of depositary shares entitled thereto. If the preferred stock depositary
determines that it is not feasible to make such distribution, it may, with Hovnanian&#146;s approval,
sell such property and distribute the net proceeds from such sale to such holders.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If Hovnanian offers to the holders of a series of preferred stock represented by the
depositary shares any rights, preferences or privileges to subscribe for or to purchase any
securities or of any other nature, the preferred
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">stock depositary will make such rights,
preferences or privileges available to the record holders of depositary shares either by the issue
of warrants representing such rights, preferences or privileges or by such other method as approved
by the preferred stock depositary and Hovnanian. If the preferred stock depositary determines that
this is not lawful or feasible or if it is instructed by a holder that such holder does not want to
exercise such rights, preferences or privileges, it may, with Hovnanian&#146;s approval, sell such
rights, preferences or privileges and distribute the net proceeds from such sale to the holders of
depositary shares entitled thereto.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Redemption of Preferred Stock</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If a series of preferred stock represented by depositary shares is to be redeemed, the
depositary shares will be redeemed from the proceeds received by the preferred stock depositary
resulting from the redemption, in whole or in part, of such series of preferred stock. The
depositary shares will be redeemed by the preferred stock depositary at a price per depositary
share equal to the applicable fraction of the redemption price per share payable in respect of the
shares of preferred stock so redeemed.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Whenever Hovnanian redeems shares of preferred stock held by the preferred stock depositary,
the preferred stock depositary will redeem as of the same date the number of depositary shares
representing shares of preferred stock so redeemed. If fewer than all the depositary shares are to
be redeemed, the depositary shares to be redeemed will be selected by the preferred stock
depositary by lot or ratably or by such other equitable method as the preferred stock depositary
may decide.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Voting Deposited Preferred Stock</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon receipt of notice of any meeting at which the holders of any series of deposited
preferred stock are entitled to vote, the preferred stock depositary will mail the information
contained in such notice of meeting to the record holders of the depositary shares relating to such
series of preferred stock. Each record holder of such depositary shares on the record date will be
entitled to instruct the preferred stock depositary to vote the amount of the preferred stock
represented by such holder&#146;s depositary shares. The preferred stock depositary will endeavor, as
practicable, to vote the amount of such series of preferred stock represented by such depositary
shares in accordance with such instructions.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hovnanian will agree to take all actions that the preferred stock depositary may deem
necessary to enable the preferred stock depositary to vote as instructed. The preferred stock
depositary will abstain from voting shares of any series of preferred stock held by it for which it
does not receive specific instructions from the holders of depositary shares representing such
shares.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Changes Affecting Preferred Stock</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon any change in par or stated value, split-up, combination or any other reclassification of
the series of preferred stock represented by the depositary shares, or upon any recapitalization,
reorganization, merger, amalgamation or consolidation affecting Hovnanian or to which it is a
party, the preferred stock depositary may in its discretion, with the approval and instructions of
Hovnanian, and in such manner as the preferred stock depositary may deem equitable, treat any
securities which shall be received by the preferred stock depositary in exchange for or upon
conversion of or in respect of such preferred stock as new deposited securities received in
exchange for or upon conversion or in respect of such preferred stock and make such adjustments in:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the fraction of an interest represented by one depositary share in one share of
such preferred stock; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the ratio of the redemption price per depositary share to the redemption price
of a share of such preferred stock,</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">in each case as may be necessary to fully reflect the effects of such change.
</DIV>





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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;With the approval of Hovnanian, the preferred stock depositary may execute and deliver
additional depositary receipts, or may call for the surrender of all outstanding depositary
receipts to be exchanged for new depositary receipts specifically describing such new deposited
securities.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Amendment and Termination of the Deposit Agreement</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The form of depositary receipt evidencing the depositary shares and any provision of the
deposit agreement may at any time be amended by agreement between Hovnanian and the preferred stock
depositary. However, any amendment that materially and adversely alters any existing right of the
holders of depositary shares will not be effective unless such amendment has been approved by the
holders of at least a majority of the depositary shares then outstanding. Every holder of an
outstanding depositary receipt at the time any such amendment becomes effective shall be deemed, by
continuing to hold such depositary receipt, to consent and agree to such amendment and to be bound
by the deposit agreement, which has been amended thereby. The deposit agreement may be terminated
only if
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>all outstanding depositary shares have been redeemed; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a final distribution in respect of the preferred stock has been made to the
holders of depositary shares in connection with any liquidation, dissolution or
winding up of Hovnanian.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Charges of Preferred Stock Depositary; Taxes and Other Governmental Charges</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hovnanian will pay all transfer and other taxes and governmental charges arising solely from
the existence of the depositary arrangements. Hovnanian also will pay charges of the depositary in
connection with the deposit of preferred stock and any redemption of preferred stock. The amount
paid as dividends or otherwise distributable by the preferred stock depositary with respect to the
depositary shares or the underlying preferred stock will be reduced by any amounts required to be
withheld by Hovnanian or the preferred stock depositary on account of taxes or other governmental
charges. Holders of depositary receipts will pay other transfer and other taxes and governmental
charges and such other charges, including a fee for the withdrawal of shares of preferred stock
upon surrender of depositary receipts, as are expressly provided in the deposit agreement to be for
their accounts. The preferred stock depositary may refuse to make any payment or distribution, or
any transfer, exchange or withdrawal of any depositary shares or shares of preferred stock, until
such taxes or other governmental charges are paid.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Transfer, Surrender and Exchange</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depositary receipts may be transferred, surrendered or exchanged in accordance with the
deposit agreement. The preferred stock depositary, its agents or Hovnanian may require a holder,
among other things, to furnish appropriate endorsements and transfer documents. The preferred stock
depositary is not required to accept deposits of preferred stock or to register transfers,
surrenders or exchanges of depositary shares during any period when the register of stockholders of
Hovnanian is closed or in order to comply with any requirement of law, government or governmental
body, commission or the deposit agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Resignation and Removal of Depositary</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The preferred stock depositary may resign at any time by delivering to Hovnanian notice of its
intent to do so, and Hovnanian may at any time remove the preferred stock depositary, any such
resignation or removal to take effect upon the appointment of a successor preferred stock
depositary and its acceptance of such appointment. Such successor preferred stock depositary must
be appointed within 60&nbsp;days after delivery of the notice of resignation or removal and must be a
bank or trust company having its principal office in the United States and having a combined
capital and surplus of at least $50,000,000.
</DIV>







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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Miscellaneous</B>
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The preferred stock depositary will forward all reports and communications from Hovnanian
which are delivered to the preferred stock depositary and which Hovnanian is required to furnish to
the holders of the deposited preferred stock.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Neither the preferred stock depositary nor Hovnanian will be liable if it or Hovnanian are
prevented or delayed by law or any circumstances beyond its or Hovnanian&#146;s control in performing
its or Hovnanian&#146;s obligations under the deposit agreement. Hovnanian&#146;s obligations and the
obligations of the preferred stock depositary under the deposit agreement will be limited to
performance in good faith of Hovnanian&#146;s and their duties thereunder, and neither Hovnanian nor
they will be obligated to prosecute or defend any legal proceeding in respect of any depositary
shares, depositary receipts or shares of preferred stock unless satisfactory indemnity is
furnished. Hovnanian and the preferred stock depositary may rely upon written advice of counsel or
accountants, or upon information provided by holders of depositary receipts or other persons
believed to be competent and on documents believed to be genuine.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Concerning the Preferred Stock Depositary</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Information concerning the preferred stock depositary for a series of preferred stock
represented by depositary shares will be set forth in the prospectus supplement relating to that
series of preferred stock. Hovnanian and certain of its subsidiaries may maintain bank accounts,
borrow money and have other commercial banking, investment banking and other business relationships
with the preferred stock depositary and its affiliates in the ordinary course of business. The
preferred stock depositary or its affiliates may participate as underwriters, agents or dealers in
any offering of depositary shares.
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left">
<A name="112"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>DESCRIPTION OF STOCK PURCHASE CONTRACTS AND STOCK PURCHASE UNITS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following description of stock purchase contracts and stock purchase units sets forth
certain general terms of the stock purchase contracts and/or stock purchase units that Hovnanian
may issue. The particular terms of any stock purchase contracts or stock purchase units will be
described in the prospectus supplement relating to the stock purchase contracts or stock purchase
units. The description set forth below and in any prospectus supplement is not complete, and is
subject to, and qualified in its entirety by reference to, the stock purchase contracts, the
collateral arrangements and any depositary arrangements relating to such stock purchase contracts
or stock purchase units and, if applicable, the prepaid securities and the document pursuant to
which the prepaid securities will be issued which will be filed with the Commission promptly after
the offering of such stock purchase contracts or stock purchase units and, if applicable, prepaid
securities.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hovnanian may issue stock purchase contracts representing contracts obligating holders to
purchase from Hovnanian and Hovnanian to sell to the holders shares of Class&nbsp;A Common Stock, shares
of preferred stock or depositary shares at a future date or dates. The price per share of Class&nbsp;A
Common Stock, preferred stock or depositary shares may be fixed at the time the stock purchase
contracts are issued or may be determined by reference to a specific formula set forth in the stock
purchase contracts.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The stock purchase contracts may be issued separately or as a part of units, often known as
stock purchase units, consisting of a stock purchase contract and
either:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>debt securities issued by either Hovnanian or K. Hovnanian, or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>debt obligations of third parties, including U.S. Treasury securities,</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">securing the holder&#146;s obligations to purchase the Class&nbsp;A Common Stock, preferred stock or
depositary shares under the stock purchase contracts. The stock purchase contracts may require us
to make periodic payments to the holders of the stock purchase units or vice versa, and such
payments may be unsecured or prefunded on some basis. The stock purchase contracts may require
holders to secure their obligations in a specified manner and in certain circumstances we may
deliver newly issued prepaid stock purchase contracts, often known as prepaid securities, upon
release to a holder of any collateral securing each holder&#146;s obligations under the original stock
purchase contract.
</DIV>





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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left">
<A name="113"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>DESCRIPTION OF UNITS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As specified in the applicable prospectus supplement, Hovnanian or K. Hovnanian may issue
units consisting of one or more warrants, debt securities, shares of Class&nbsp;A Common Stock or
preferred stock, depositary shares or any combination of such securities. The applicable prospectus
supplement will describe:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the terms of the Units and of the warrants, debt securities, common stock,
depository shares and preferred stock comprising the units, including whether and
under what circumstances the securities comprising the units may be traded
separately;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a description of the terms of any unit agreement governing the units; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a description of the provisions for the payment, settlement, transfer or
exchange or the units.</TD>
</TR>






</TABLE>
</DIV>
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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>
<DIV align="left">
<A name="114"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>DESCRIPTION OF WARRANTS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following description of the terms of the warrants sets forth certain general terms that
may apply to the warrants that Hovnanian or K. Hovnanian may offer. The particular terms of any
warrants will be described in the applicable prospectus supplement accompanying this prospectus.
The description set forth below and in any prospectus supplement is not complete, and is subject
to, and qualified in its entirety by reference to, the applicable warrant agreement, a form of
which has been incorporated by reference as an exhibit to the Registration Statement of which this
prospectus forms a part. The specific terms of warrants as described in the applicable prospectus
supplement will supplement and, if applicable, may modify or replace the general terms described in
this prospectus.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hovnanian may issue warrants, including warrants to purchase Class&nbsp;A Common Stock, preferred
stock or Depositary Shares and warrants to purchase Hovnanian Debt Securities. K. Hovnanian may
issue warrants to purchase K. Hovnanian Debt Securities. All obligations of K. Hovnanian under the
K. Hovnanian warrants will be fully and unconditionally guaranteed by Hovnanian. Warrants may be
issued independently of or together with any other securities and may be attached to or separate
from such securities. Obligations of Hovnanian and K. Hovnanian under the warrants may be
guaranteed by the subsidiary guarantors. Each series of warrants will be issued under a separate
warrant agreement, each a &#147;warrant agreement&#148; to be entered into among Hovnanian and/or K.
Hovnanian and any subsidiary guarantors and a warrant agent, the &#147;warrant agent&#148;. The warrant agent
will act solely as an agent of Hovnanian and/or K. Hovnanian in connection with the warrants of
that series and will not assume any obligation or relationship of agency or trust for or with
holders or beneficial owners of warrants. The following describes some general terms and provisions
of the warrants offered hereby. Further terms of the warrants and the applicable warrant agreement
will be described in the applicable prospectus supplement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The applicable prospectus supplement will describe the following terms, where applicable, of
the warrants in respect of which this prospectus is being delivered:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the title of the warrants;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the aggregate number of the warrants;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the price or prices at which the warrants will be issued;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the designation, aggregate principal amount and terms of the securities
purchasable upon exercise of the warrants;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the designation and terms of the securities with which the warrants are issued
and the number of the warrants issued with each such security;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>if applicable, the date on and after which the warrants and the related
securities will be separately transferable;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the price at which the securities purchasable upon exercise of the warrants may
be purchased, and any provisions for changes to or adjustments in such exercise
price;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the date on which the right to exercise the warrants will commence and the date
on which the right will expire;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the minimum or maximum amount of the warrants that may be exercised at any one
time;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>information with respect to book-entry procedures, if any;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a discussion of certain United States Federal income tax considerations; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any other terms of the warrants, including terms, procedures and limitations
relating to the exercise of the warrants.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->29<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>
<DIV align="left">
<A name="115"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>PLAN OF DISTRIBUTION</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hovnanian and K. Hovnanian may sell the securities to or through underwriters or dealers, and
also may sell the offered securities directly to one or more other purchasers or through agents.
The applicable prospectus supplement will list the names of any underwriters or agents involved in
the sale of the offered securities and any applicable commissions or discounts, and will also
describe the method of distribution of the securities offered thereby, the purchase price and the
proceeds to be received from the sale, and any securities exchanges on which the securities of such
series may be listed.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hovnanian, K. Hovnanian or any of their agents may directly solicit offers to purchase these
securities. The applicable prospectus supplement will name any agent, who may be deemed to be an
underwriter as that term is defined in the Securities Act, involved in the offer or sale of the
securities in respect of which this prospectus is delivered, and will set forth any commissions
payable to that agent by Hovnanian or K. Hovnanian, as the case may be. Unless otherwise indicated
in the prospectus supplement, any such agency will be acting in a best efforts basis for the period
of its appointment (ordinarily five business days or less). Agents, dealers and underwriters may be
customers of, engage in transactions with, or perform services for Hovnanian or K. Hovnanian in the
ordinary course of business.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If Hovnanian or K. Hovnanian utilizes an underwriter or underwriters in the sale, they will
execute an underwriting agreement with such underwriters at the time of sale to them and will set
forth in the applicable prospectus supplement the names of the underwriters and the terms of the
transaction. The underwriters will use the prospectus supplement to make releases of the securities
in respect of which this prospectus is delivered to the public.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If Hovnanian or K. Hovnanian utilizes a dealer in the sale of the securities in respect of
which this prospectus is delivered, Hovnanian or K. Hovnanian, as the case may be, will sell the
securities to the dealer, as principal. The dealer may then resell the securities to the public at
varying prices to be determined by the dealer at the time of resale. The prospectus supplement will
set forth the name of the dealer and the terms of the transaction.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Underwriters, dealers or agents may offer and sell the offered securities at a fixed price or
prices, which may be changed, or from time to time at market prices prevailing at the time of sale,
at prices related to the prevailing market prices or at negotiated prices. In connection with the
sale of the securities, underwriters or agents may be deemed to have received compensation from
Hovnanian or K. Hovnanian in the form of underwriting discounts or commissions and may also receive
commissions from purchasers of the securities for whom they may act as agent. Underwriters or
agents may sell the securities to or through dealers, and such dealers may receive compensation in
the form of discounts, concessions or commissions from the underwriters or commissions from the
purchasers for whom they may act as agent.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The preferred stock, depositary shares, debt securities, stock purchase contracts, stock
purchase units, units and warrants, when first issued, will have no established trading market. Any
underwriters or agents to or through whom offered securities are sold by Hovnanian or K. Hovnanian
for public offering and sale may make a market in such offered securities, but the underwriters or
agents will not be obligated to do so and may discontinue any market making at any time without
notice. No assurance can be given as to the liquidity of the trading market for any offered
securities. The applicable prospectus supplement set forth whether or not underwriters or agents
may over-allot or effect transactions that stabilize, maintain or otherwise affect the market price
of debt securities offered thereby at levels above those that might otherwise prevail in the open
market, including, for example, by entering stabilizing bids, effecting syndicate covering
transactions or imposing penalty bids.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any underwriters, dealers or agents participating in the distribution of the offered
securities may be deemed to be underwriters, and any discounts and commissions received by them and
any profit realized by them on resale of the offered securities may be deemed to be underwriting
discounts and commissions under the Securities Act. Underwriters, dealers or agents may be
entitled, under agreements entered into with Hovnanian or K. Hovnanian, to indemnification against
or contribution toward certain civil liabilities, including liabilities under the Securities Act.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If so indicated in the prospectus supplement, Hovnanian or K. Hovnanian will authorize
underwriters or other persons acting as its or their agents to solicit offers by certain
institutions to purchase securities from it or them
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->30<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">pursuant to contracts providing for payment and
delivery on a future date. Institutions with which contracts may be made include commercial and
savings banks, insurance companies, pension funds, investment companies, educational and charitable
institutions and others, but in all cases will be subject to the condition that the purchase of the
securities will not at the time of delivery be prohibited under the laws of the jurisdiction to
which such purchaser is subject. The underwriters and agents will not have any responsibility in
respect of the validity or performance of such contracts.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The applicable prospectus supplement will set forth the place and time of delivery for the
securities in respect of which this prospectus is delivered.
</DIV>
<DIV align="left">
<A name="116"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>LEGAL MATTERS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Certain legal matters with respect to the validity of the offered securities will be passed
upon for Hovnanian and K. Hovnanian by Simpson Thacher &#038; Bartlett LLP, New York, New York. Simpson
Thacher &#038; Bartlett LLP will rely, as to matters of California law, on the opinion of
Peter S. Reinhart, Esq., Senior Vice-President and General Counsel for Hovnanian and K. Hovnanian.
Peter S. Reinhart, Esq., beneficially owns, directly and indirectly, less than 1% of the common
stock of Hovnanian, which does not include any shares of common stock over which Mr.&nbsp;Reinhart may
have investment or voting power in his capacity as trustee of a trust in which he has no financial
interest. Certain legal matters in connection with the offered securities may also be passed upon
for any agents or underwriters by counsel specified in the prospectus supplement.
</DIV>
<DIV align="left">
<A name="117"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXPERTS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The consolidated financial statements as of October&nbsp;31, 2010 and 2009, and for the years then
ended incorporated by reference in this prospectus from the Company&#146;s Annual Report on Form 10-K
for the year ended October&nbsp;31, 2010 and the effectiveness of Hovnanian&#146;s internal control over
financial reporting as of October&nbsp;31, 2010, have been audited by Deloitte &#038; Touche LLP, an
independent registered public accounting firm, as stated in their reports, which are incorporated
herein by reference. Such consolidated financial statements are incorporated herein by reference in
reliance upon the reports of such firm given on their authority as experts in accounting and
auditing.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The consolidated financial statements of Hovnanian for the year ended October&nbsp;31, 2008
appearing in Hovnanian&#146;s Annual Report (Form 10-K) for the year ended October&nbsp;31, 2010 have been
audited by Ernst &#038; Young LLP, independent registered public accounting firm, as set forth in their
report thereon, included therein, and incorporated herein by reference. Such consolidated financial
statements are incorporated herein by reference in reliance upon such report given on the authority
of such firm as experts in accounting and auditing.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->31<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><IMG src="y88639y8863901.gif" alt="(KHOVNANIAN COMPANIES LOGO)">
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><DIV style="width: 100%; border-bottom: 1px solid #000000; FONT-size: 1px">&nbsp;</DIV>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>



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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>PART II</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>INFORMATION NOT REQUIRED IN PROSPECTUS</B>
</DIV>

<DIV align="left" style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left"><B>Item&nbsp;14.</B></TD>
    <TD>&nbsp;</TD>
    <TD><B>Other Expenses of Issuance and Distribution.</B></TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The estimated expenses payable by us in connection with the offering of the securities being
registered hereby are as follows:
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Total</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Registration Fee</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">35,650</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Trustee&#146;s Fees and Expenses*</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Transfer Agent&#146;s Fees*</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Rating Agency Fees*</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">FINRA Filing Fees*</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Listing Fees*</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Legal fees and expenses*</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Blue Sky fees and expenses*</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Accounting fees and expenses*</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Printing and duplicating expenses*</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Miscellaneous expenses*</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Total</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">*</TD>
    <TD>&nbsp;</TD>
    <TD>Estimated expenses are not presently known. The applicable prospectus supplement will set
forth the estimated amount of such expenses payable in respect of any offering of securities.</TD>
</TR>

</TABLE>



<DIV align="left" style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left"><B>Item&nbsp;15.</B></TD>
    <TD>&nbsp;</TD>
    <TD><B>Indemnification of Directors and Officers.</B></TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hovnanian is a Delaware corporation. Section&nbsp;145 of the General Corporation Law of the State
of Delaware grants each corporation organized thereunder the power to indemnify any person who is
or was a director, officer, employee or agent of a corporation or enterprise, against expenses,
including attorneys&#146; fees, judgments, fines and amounts paid in settlement actually and reasonably
incurred by him in connection with any threatened, pending or completed action, suit or proceeding,
whether civil, criminal, administrative or investigative, other than an action by or in the right
of the corporation, by reason of being or having been in any such capacity, if he acted in good
faith in a manner reasonably believed to be in or not opposed to the best interests of the
corporation, and, with respect to any criminal action or proceeding, had no reasonable cause to
believe his conduct was unlawful. Section&nbsp;102(b)(7) of the General Corporation Law of the State of
Delaware enables a corporation in its certificate of incorporation or an amendment thereto validly
approved by stockholders to limit or eliminate the personal liability of the members of its board
of directors for violations of the directors&#146; fiduciary duty of care.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Article&nbsp;FOUR of Hovnanian&#146;s Restated By-Laws contains the following provisions with respect to
indemnification:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Corporation shall indemnify any current or former Director or officer of the
Corporation and his heirs, executors and administrators, and may, at the discretion of the
Board of Directors, indemnify any current or former employee or, agent of the Corporation
and his heirs, executors and administers, against all expenses (including attorneys&#146; fees),
judgments, fines and amounts paid in settlement actually and reasonable incurred by him or
by his heirs, executors and administrators in connection with any threatened, pending or
completed action, suit or proceeding (brought by or in tire right of the Corporation or
otherwise), whether civil, criminal, administrative or investigative, and whether formal or
informal, including appeals, to which he was or is a party or is threatened to be made a
party by reason of his current or former position with the Corporation or by reason of the
fact that he is or was serving, at the request of
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->II-1<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">the Corporation, as a director, officer, partner, trustee, employee or agent of another
corporation, partnership, joint venture, trust or other enterprise.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;K.&nbsp;Hovnanian is a California corporation. Section&nbsp;317 of the California Corporations Code
provides that a corporation has the power to indemnify any person who was or is a party or is
threatened to be made a party to any proceeding, other than in an action by or on behalf of the
corporation to obtain a favorable judgment for itself, because such person is or was an agent of
the corporation, against expenses actually and reasonably incurred in connection with the
proceeding, if the person acted in good faith and in a manner the person reasonably believed to be
in the best interests of the corporation and, in the case of criminal proceedings, had no
reasonable cause to believe that the conduct was unlawful. In the case of suits by or on behalf of
a corporation to obtain a judgment in its favor, a corporation has the power to indemnify any
person who was or is a party or is threatened to be made a party to such proceeding because such
person is or was the corporation&#146;s agent, against expenses actually and reasonably incurred if the
person acted in good faith in a manner the person believed to be in the best interests of the
corporation and its shareholders, except that no such indemnification may be made for claims as to
which the person shall have been adjudged to be liable to the corporation in the performance of
that person&#146;s duty to the corporation, unless and then only to the extent a court determines
otherwise.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Article&nbsp;SEVENTH of K. Hovnanian&#146;s By-Laws contain the following provisions with respect to
indemnification:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Corporation shall indemnify any person who was or is a party or is threatened to be
made a party to any threatened, pending or completed action, suit or proceeding, whether
civil, criminal, administrative or investigative (other than an action by or in the right of
the Corporation) by reason of the fact that he is or was a director, officer, employee or
agent of the Corporation, or is or was serving at the request of the Corporation as a
director, officer, employee or agent of another corporation, partnership, joint venture,
trust or other enterprise, against expenses (including attorneys&#146; fees), judgments, fines
and amounts paid in settlement actually and reasonably incurred by him in connection with
such action, suit or proceeding if he acted in good faith and in a manner he reasonably
believed to be in or not opposed to the best interests of the Corporation, and, with respect
to any criminal action or proceeding, had no reasonable cause to believe his conduct was
unlawful. The termination of any action, suit or proceeding by judgment, order, settlement,
conviction, or upon a plea of nolo contendere or its equivalent, shall not, of itself,
create a presumption that the person did not act in good faith and in a manner which he
reasonably believed to be in or not opposed to the best interests of the Corporation, and,
with respect to any criminal action or proceeding, had reasonable cause to believe that his
conduct was unlawful.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Corporation shall indemnify any person who was or is a party or is threatened to be
made a party to any threatened, pending or completed action or suit by or in the right of
the Corporation to procure a judgment in its favor by reason of the fact that he is or was a
director, officer, employee or agent of the Corporation, or is or was serving at the request
of the Corporation as a director, officer, employee or agent of another corporation,
partnership, joint venture, trust or other enterprise against expenses (including attorneys&#146;
fees) actually and reasonably incurred by him in connection with the defense or settlement
of such action or suit if he acted in good faith and in a manner he reasonably believed to
be in or not opposed to the best interests of the Corporation; provided, however, that no
indemnification shall be made in respect of any claim, issue or matter as to which such
person shall have been adjudged to be liable for gross negligence or willful misconduct to
the Corporation unless and only to the extent that the court in which such action or suit
was brought shall determine upon application that, despite the adjudication of liability but
in view of all the circumstances of the case, such person is fairly and reasonably entitled
to indemnity for such expenses which the court shall deem proper.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any indemnification pursuant to the provisions above shall be made by the Corporation
unless a determination (as provided for in the bylaws) is made that indemnification is not
proper because the person has not met the applicable standards of conduct as set forth
therein.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hovnanian maintains a liability insurance policy providing coverage for its directors
and officers, the directors and officers of K. Hovnanian and the directors and officers of
certain of its other subsidiaries in an amount up to $50,000,000.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->II-2<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left"><B>Item&nbsp;16.</B></TD>
    <TD>&nbsp;</TD>
    <TD><B>Exhibits.</B></TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;See Index to Exhibits.
</DIV>

<DIV align="left" style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left"><B>Item&nbsp;17.</B></TD>
    <TD>&nbsp;</TD>
    <TD><B>Undertakings.</B></TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The undersigned Registrants hereby undertake:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;To file, during any period in which offers or sales are being made, a post-effective
amendment to this registration statement:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) To include any prospectus required by Section&nbsp;10(a)(3) of the Securities Act of
1933, as amended (the &#147;Securities Act&#148;);
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) To reflect in the prospectus any facts or events arising after the effective date
of the registration statement (or the most recent post-effective amendment thereof) which,
individually or in the aggregate, represent a fundamental change in the information set
forth in the registration statement. Notwithstanding the foregoing, any increase or decrease
in volume of securities offered (if the total dollar value of securities offered would not
exceed that which was registered) and any deviation from the low or high end of the
estimated maximum offering range may be reflected in the form of prospectus filed with the
Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price
represent no more than 20&nbsp;percent change in the maximum aggregate offering price set forth
in the &#147;Calculation of Registration Fee&#148; table in the effective Registration Statement;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) To include any material information with respect to the plan of distribution not
previously disclosed in the registration statement or any material change to such
information in the registration statement;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>provided</I>, <I>however</I>, that paragraphs (1)(i), (1)(ii) and (1)(iii) do not apply if the information
required to be included in a post-effective amendment by those paragraphs is contained in reports
filed with or furnished to the Commission by the Registrants pursuant to Section&nbsp;13 or Section
15(d) of the Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;) that are incorporated
by reference in the Registration Statement, or is contained in a form of prospectus filed pursuant
to Rule 424(b) that is part of the registration statement.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;That, for the purpose of determining any liability under the Securities Act, each such
post-effective amendment shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time shall be deemed to be
the initial bona fide offering thereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp;To remove from registration by means of a post-effective amendment any of the securities
being registered which remain unsold at the termination of the offering.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4)&nbsp;That, for the purpose of determining liability under the Securities Act to any purchaser:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) each prospectus filed by the Registrants pursuant to Rule&nbsp;424(b)(3) shall be deemed
to be part of the registration statement as of the date the filed prospectus was deemed part
of and included in the registration statement; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) each prospectus required to be filed pursuant to Rule&nbsp;424(b)(2), (b)(5) or (b)(7)
as part of the registration statement in reliance on Rule&nbsp;430B relating to an offering made
pursuant to Rule&nbsp;415(a)(1)(i), (vii)&nbsp;or (x)&nbsp;for the purpose of providing the information
required by Section 10(a) of the Securities Act shall be deemed to be part of and included
in the registration statement as of the earlier of the date such form of prospectus is first
used after effectiveness or the date of the first contract of sale of securities in the
offering described in the prospectus. As provided in Rule&nbsp;430B, for liability purposes of
the issuer and any person that is at that date an underwriter, such date shall be deemed to
be a new effective date of the registration statement relating to the securities in the
registration statement to which that
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->II-3<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">prospectus relates, and the offering of such securities at that time shall be deemed to
be the initial bona fide offering thereof. Provided, however, that no statement made in a
registration statement or prospectus that is part of the registration statement or made in a
document incorporated or deemed incorporated by reference into the registration statement or
prospectus that is part of the registration statement will, as to a purchaser with a time of
contract of sale prior to such effective date, supersede or modify any statement that was
made in the registration statement or prospectus that was part of the registration statement
or made in any such document immediately prior to such effective date.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5)&nbsp;That, for the purpose of determining liability of a Registrant under the Securities Act to
any purchaser in the initial distribution of the securities, the undersigned Registrant undertakes
that in a primary offering of securities of an undersigned Registrant pursuant to this registration
statement, regardless of the underwriting method used to sell the securities to the purchaser, if
the securities are offered or sold to such purchaser by means of any of the following
communications, the undersigned Registrant will be a seller to the purchaser and will be considered
to offer or sell such securities to such purchaser:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Any preliminary prospectus or prospectus of the undersigned Registrant relating to
the offering required to be filed pursuant to Rule&nbsp;424;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Any free writing prospectus relating to the offering prepared by or on behalf of
the undersigned Registrant or used or referred to by the undersigned Registrant;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) The portion of any other free writing prospectus relating to the offering
containing material information about the undersigned Registrant or its securities provided
by or on behalf of the undersigned Registrant; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) Any other communication that is an offer in the offering made by the undersigned
Registrant to the purchaser.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6)&nbsp;The undersigned Registrant hereby undertakes that for the purposes of determining any
liability under the Securities Act, each filing of the Registrant&#146;s annual report, pursuant to
Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable, each filing of an
employee benefit plan&#146;s annual report pursuant to section 15(d) of the Exchange Act) that is
incorporated by reference in the registration statement shall be deemed to be a new registration
statement relating to the securities offered therein, and the offering of such securities at that
time shall be deemed to be the initial bona fide offering thereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7)&nbsp;Insofar as indemnification for liabilities arising under the Securities Act may be
permitted to directors, officers and controlling persons of the Registrants pursuant to the
provisions set forth in response to Item&nbsp;15, or otherwise, the Registrants have been advised that
in the opinion of the Securities and Exchange Commission such indemnification is against public
policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a
claim for indemnification against such liabilities (other than the payment by the Registrants of
expenses incurred or paid by a director, officer or controlling person of the Registrants in the
successful defense of any action, suit or proceeding) is asserted by such director, officer or
controlling person in connection with the securities being registered, the Registrants will, unless
in the opinion of their counsel the matter has been settled by controlling precedent, submit to a
court of appropriate jurisdiction the question whether such indemnification by it is against public
policy as expressed in the Securities Act and will be governed by the final adjudication of such
issue.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->II-4<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURES</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, as amended, K. Hovnanian
Enterprises, Inc. certifies that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form S-3 and has duly caused this Registration Statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the City of Red Bank, State of New
Jersey, on December&nbsp;22, 2010.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">K. HOVNANIAN ENTERPRISES, INC.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ J. Larry Sorsby
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">J. Larry Sorsby&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left"><I>Executive Vice President and<BR>

Chief Financial Officer</I>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
</TABLE>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>POWER OF ATTORNEY</B>
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each person whose signature appears below hereby constitutes and appoints J. Larry Sorsby and
Paul W. Buchanan and each of them, the true and lawful attorneys-in-fact and agents of the
undersigned, with full power of substitution and resubstitution, for and in the name, place and
stead of the undersigned, in any and all capacities, to sign any and all amendments (including
post-effective amendments) to this Registration Statement, including any filings pursuant to Rule
462(b) under the Securities Act of 1933, as amended, and to file the same, with all exhibits
thereto, and all other documents in connection therewith, with the Securities and Exchange
Commission, and hereby grants to such attorneys-in-fact and agents, and each of them, full power
and authority to do and perform each and every act and anything necessary to be done, as fully to
all intents and purposes as the undersigned might or could do in person, hereby ratifying and
confirming all that said attorneys-in-fact and agents, or any of them, or their or his substitute,
or substitutes, may lawfully do or cause to be done by virtue hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration
Statement has been signed by the following persons in the capacities indicated on December&nbsp;22,
2010.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="55%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Signature</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Title</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Chairman of the Board, President,</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Chief Executive Officer and Director</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="center"><DIV style="margin-left:0px; text-indent:-0px">/s/ Ara K. Hovnanian
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Principal Executive Officer)&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="center"><DIV style="margin-left:0px; text-indent:-0px">Ara K. Hovnanian</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Senior Vice President, Chief Accounting Officer and</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="center"><DIV style="margin-left:0px; text-indent:-0px">/s/ Paul W. Buchanan
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Principal Accounting Officer)&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="center"><DIV style="margin-left:0px; text-indent:-0px">Paul W. Buchanan</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="center"><DIV style="margin-left:0px; text-indent:-0px">/s/ Walter Miller
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="center"><DIV style="margin-left:0px; text-indent:-0px">Walter Miller</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Executive Vice President, Chief Financial Officer and</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="center"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="center"><DIV style="margin-left:0px; text-indent:-0px">/s/ J. Larry Sorsby
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Principal Financial Officer)&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="center"><DIV style="margin-left:0px; text-indent:-0px">J. Larry Sorsby</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="center"><DIV style="margin-left:0px; text-indent:-0px">/s/ John F. Davis
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Assistant Secretary and Director&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="center"><DIV style="margin-left:0px; text-indent:-0px">John F. Davis</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="center"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Vice President and Director&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="center"><DIV style="margin-left:0px; text-indent:-0px">Joseph Killinger</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="center"><DIV style="margin-left:0px; text-indent:-0px">/s/ Shane Maloney
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="center"><DIV style="margin-left:0px; text-indent:-0px">Shane Maloney</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->II-5<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURES</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, as amended, Hovnanian Enterprises,
Inc. certifies that it has reasonable grounds to believe that it meets all of the requirements for
filing on Form S-3 and has duly caused this Registration Statement to be signed on its behalf by
the undersigned, thereunto duly authorized, in the City of Red Bank, State of New Jersey, on
December&nbsp;22, 2010.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">HOVNANIAN ENTERPRISES, INC.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ J. Larry Sorsby
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">J. Larry Sorsby&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left"><I>Executive Vice President and<br>
Chief Financial Officer</I>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
</TABLE>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>POWER OF ATTORNEY</B>
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each person whose signature appears below hereby constitutes and appoints J. Larry Sorsby and
Paul W. Buchanan and each of them, the true and lawful attorneys-in-fact and agents of the
undersigned, with full power of substitution and resubstitution, for and in the name, place and
stead of the undersigned, in any and all capacities, to sign any and all amendments (including
post-effective amendments) to this Registration Statement, including any filings pursuant to Rule
462(b) under the Securities Act of 1933, as amended, and to file the same, with all exhibits
thereto, and all other documents in connection therewith, with the Securities and Exchange
Commission, and hereby grants to such attorneys-in-fact and agents, and each of them, full power
and authority to do and perform each and every act and anything necessary to be done, as fully to
all intents and purposes as the undersigned might or could do in person, hereby ratifying and
confirming all that said attorneys-in-fact and agents, or any of them, or their or his substitute,
or substitutes, may lawfully do or cause to be done by virtue hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration
Statement has been signed by the following persons in the capacities indicated on December&nbsp;22,
2010.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="55%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Signature</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Title</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Chairman of the Board, President and</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Chief Executive Officer</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Ara K. Hovnanian
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Principal Executive Officer)&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">Ara K. Hovnanian</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Executive Vice President, Chief Financial Officer</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">and Director</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ J. Larry Sorsby
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Principal Financial Officer)&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">J. Larry Sorsby</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Senior Vice President and Chief Accounting Officer</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Paul W. Buchanan
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Principal Accounting Officer)&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">Paul W. Buchanan</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Joseph A. Marengi
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">Joseph A. Marengi</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Robert B. Coutts
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">Robert B. Coutts</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->II-6<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="55%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Signature</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Title</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">Edward A. Kangas</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ John J. Robbins
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">John J. Robbins</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Stephen D. Weinroth
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">Stephen D. Weinroth</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->II-7<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>


<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURES</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, as amended, K. HOV IP, Inc.
certifies that it has reasonable grounds to believe that it meets all of the requirements for
filing on Form S-3 and has duly caused this Registration Statement to be signed on its behalf by
the undersigned, thereunto duly authorized, in the City of Red Bank, State of New Jersey, on
December&nbsp;22, 2010.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">K. HOV IP, INC.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Paul W. Buchanan
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Paul W. Buchanan&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left" nowrap><I>Senior Vice President,<br>
Chief Accounting Officer, Treasurer and Secretary</I>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

</TABLE>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>POWER OF ATTORNEY</B>
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each person whose signature appears below hereby constitutes and appoints J. Larry Sorsby and
Paul W. Buchanan and each of them, the true and lawful attorneys-in-fact and agents of the
undersigned, with full power of substitution and resubstitution, for and in the name, place and
stead of the undersigned, in any and all capacities, to sign any and all amendments (including
post-effective amendments) to this Registration Statement, including any filings pursuant to Rule
462(b) under the Securities Act of 1933, as amended, and to file the same, with all exhibits
thereto, and all other documents in connection therewith, with the Securities and Exchange
Commission, and hereby grants to such attorneys-in-fact and agents, and each of them, full power
and authority to do and perform each and every act and anything necessary to be done, as fully to
all intents and purposes as the undersigned might or could do in person, hereby ratifying and
confirming all that said attorneys-in-fact and agents, or any of them, or their or his substitute,
or substitutes, may lawfully do or cause to be done by virtue hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration
Statement has been signed by the following persons in the capacities indicated on December&nbsp;22,
2010.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="55%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Signature</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Title</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">President and Chief Executive Officer</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Ara K. Hovnanian
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Principal Executive Officer)&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">Ara K. Hovnanian</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Executive Vice President and Chief Financial Officer</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ J. Larry Sorsby
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Principal Financial Officer)&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">J. Larry Sorsby</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Walter Miller
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">Walter Miller</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Senior Vice President, Chief Accounting Officer,</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Treasurer, Secretary and Director</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Paul W. Buchanan
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Principal Accounting Officer)&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">Paul W. Buchanan</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ John F. Davis
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">John F. Davis</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">Joseph Killinger</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Marcia Wines

<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Vice President &#151; Tax and Director&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">Marcia Wines</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="center"><DIV style="margin-left:0px; text-indent:-0px">/s/ Shane Maloney
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="center"><DIV style="margin-left:0px; text-indent:-0px">Shane Maloney</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->II-8<!-- /Folio -->
</DIV>



<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURES</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, as amended, K. HOV IP, II, Inc.
certifies that it has reasonable grounds to believe that it meets all of the requirements for
filing on Form S-3 and has duly caused this Registration Statement to be signed on its behalf by
the undersigned, thereunto duly authorized, in the City of Red Bank, State of New Jersey, on
December&nbsp;22, 2010.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">K. HOV IP, II, INC.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Paul W. Buchanan
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Paul W. Buchanan&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left" nowrap><I>Senior Vice President,<br>
Chief Accounting Officer, Treasurer and Secretary</I>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
</TABLE>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>POWER OF ATTORNEY</B>
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each person whose signature appears below hereby constitutes and appoints J. Larry Sorsby and
Paul W. Buchanan and each of them, the true and lawful attorneys-in-fact and agents of the
undersigned, with full power of substitution and resubstitution, for and in the name, place and
stead of the undersigned, in any and all capacities, to sign any and all amendments (including
post-effective amendments) to this Registration Statement, including any filings pursuant to Rule
462(b) under the Securities Act of 1933, as amended, and to file the same, with all exhibits
thereto, and all other documents in connection therewith, with the Securities and Exchange
Commission, and hereby grants to such attorneys-in-fact and agents, and each of them, full power
and authority to do and perform each and every act and anything necessary to be done, as fully to
all intents and purposes as the undersigned might or could do in person, hereby ratifying and
confirming all that said attorneys-in-fact and agents, or any of them, or their or his substitute,
or substitutes, may lawfully do or cause to be done by virtue hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration
Statement has been signed by the following persons in the capacities indicated on December&nbsp;22,
2010.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="55%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Signature</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Title</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">President and Chief Executive Officer</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Ara K. Hovnanian
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Ara K. Hovnanian
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Principal Executive Officer)&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Executive Vice President and Chief Financial Officer</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ J. Larry Sorsby
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
J. Larry Sorsby
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Principal Financial Officer)&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Walter Miller
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Walter Miller
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Senior Vice President, Chief Accounting Officer,</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Treasurer, Secretary and Director</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Paul W. Buchanan
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Paul W. Buchanan
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Principal Accounting Officer)&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ John F. Davis
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
John F. Davis
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Joseph Killinger
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/
Marcia Wines
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Marcia Wines
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Vice President &#151; Tax and Director&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="center"><DIV style="margin-left:0px; text-indent:-0px">/s/ Shane Maloney
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="center"><DIV style="margin-left:0px; text-indent:-0px">Shane Maloney</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->II-9<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURES</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, as amended, each of the
Registrants, as listed on the attached Schedule of Subsidiary Registrants, certifies that it has
reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has
duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in the City of Red Bank, State of New Jersey, on December&nbsp;22, 2010.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">REGISTRANTS (as listed on the attached Schedule of<BR>
Subsidiary Registrants)<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ J. Larry Sorsby
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">J. Larry Sorsby&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left"><I>Executive Vice President and<br>
Chief Financial Officer</I>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>POWER OF ATTORNEY</B>
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each person whose signature appears below hereby constitutes and appoints J. Larry Sorsby and
Paul W. Buchanan and each of them, the true and lawful attorneys-in-fact and agents of the
undersigned, with full power of substitution and resubstitution, for and in the name, place and
stead of the undersigned, in any and all capacities, to sign any and all amendments (including
post-effective amendments) to this Registration Statement, including any filings pursuant to Rule
462(b) under the Securities Act of 1933, as amended, and to file the same, with all exhibits
thereto, and all other documents in connection therewith, with the Securities and Exchange
Commission, and hereby grants to such attorneys-in-fact and agents, and each of them, full power
and authority to do and perform each and every act and anything necessary to be done, as fully to
all intents and purposes as the undersigned might or could do in person, hereby ratifying and
confirming all that said attorneys-in-fact and agents, or any of them, or their or his substitute,
or substitutes, may lawfully do or cause to be done by virtue hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration
Statement has been signed by the following persons on the date and in the capacities indicated on
December&nbsp;22, 2010.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="55%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Signature</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Title</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Chairman of the Board, President,</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Chief Executive Officer and Director</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Ara K. Hovnanian
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Ara K. Hovnanian
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Principal Executive Officer)&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Senior Vice President and Chief Accounting Officer
and Director</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Paul W. Buchanan
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Paul W. Buchanan
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Principal Accounting Officer)&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Peter S. Reinhart
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Peter S. Reinhart
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Senior Vice President, General Counsel and Director&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Executive Vice President, Chief Financial Officer,
and Director</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ J. Larry Sorsby
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
J. Larry Sorsby
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Principal Financial Officer)&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->II-10<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SCHEDULE OF SUBSIDIARY REGISTRANTS</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Exact Name of Registrant As Specified in Its Charter</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">AUDDIE ENTERPRISES, L.L.C.<BR>
BUILDER SERVICES NJ, L.L.C.<BR>
BUILDER SERVICES NY, L.L.C.<BR>
BUILDER SERVICES PA, L.L.C.<BR>
DULLES COPPERMINE, L.L.C.<BR>
EASTERN NATIONAL TITLE AGENCY, LLC<BR>
EASTERN TITLE AGENCY, INC.<BR>
F&#038;W MECHANICAL SERVICES, L.L.C.<BR>
FOUNDERS TITLE AGENCY OF MARYLAND, L.L.C.<BR>
FOUNDERS TITLE AGENCY, INC.<BR>
GOVERNOR&#146;S ABSTRACT CO., INC.<BR>
HOMEBUYERS FINANCIAL SERVICES, L.L.C.<BR>
HOVNANIAN DEVELOPMENTS OF FLORIDA, INC.<BR>
HOVNANIAN LAND INVESTMENT GROUP OF CALIFORNIA, L.L.C.<BR>
HOVNANIAN LAND INVESTMENT GROUP OF FLORIDA, L.L.C.<BR>
HOVNANIAN LAND INVESTMENT GROUP OF GEORGIA, L.L.C.<BR>
HOVNANIAN LAND INVESTMENT GROUP OF MARYLAND, L.L.C.<BR>
HOVNANIAN LAND INVESTMENT GROUP OF NEW JERSEY, L.L.C.<BR>
HOVNANIAN LAND INVESTMENT GROUP OF NORTH CAROLINA, L.L.C.<BR>
HOVNANIAN LAND INVESTMENT GROUP OF TEXAS LLC<BR>
HOVNANIAN LAND INVESTMENT GROUP OF VIRGINIA, L.L.C.<BR>
HOVNANIAN LAND INVESTMENT GROUP, L.L.C.<BR>
K. HOV INTERNATIONAL, INC.<BR>
K. HOVNANIAN ACQUISITIONS, INC.<BR>
K. HOVNANIAN AT 4S, LLC<BR>
K. HOVNANIAN AT ACQUA VISTA, LLC<BR>
K. HOVNANIAN AT ALISO, LLC<BR>
K. HOVNANIAN AT ALLENTOWN, L.L.C.<BR>
K. HOVNANIAN AT ALMOND ESTATES, LLC<BR>
K. HOVNANIAN AT ANDALUSIA, LLC<BR>
K. HOVNANIAN AT ARBOR HEIGHTS, LLC<BR>
K. HOVNANIAN AT AVENUE ONE, L.L.C.<BR>
K. HOVNANIAN AT BAKERSFIELD 463, L.L.C.<BR>
K. HOVNANIAN AT BARNEGAT I, L.L.C.<BR>
K. HOVNANIAN AT BARNEGAT II, L.L.C.<BR>
K. HOVNANIAN AT BELLA LAGO, LLC<BR>
K. HOVNANIAN AT BERKELEY, L.L.C.<BR>
K. HOVNANIAN AT BERNARDS V, L.L.C.<BR>
K. HOVNANIAN AT BLUE HERON PINES, L.L.C.<BR>
K. HOVNANIAN AT BRANCHBURG, L.L.C.<BR>
K. HOVNANIAN AT BRIDGEPORT, INC.<BR>
K. HOVNANIAN AT BRIDGEWATER I, L.L.C.<BR>
K. HOVNANIAN AT BROAD AND WALNUT, L.L.C.<BR>
K. HOVNANIAN AT CALABRIA, INC.<BR>
K. HOVNANIAN AT CAMDEN I, L.L.C.<BR>
K. HOVNANIAN AT CAMERON CHASE, INC.<BR>
K. HOVNANIAN AT CAMP HILL, L.L.C.<BR>
K. HOVNANIAN AT CAPISTRANO, L.L.C.<BR>
K. HOVNANIAN AT CARLSBAD, LLC<BR>
K. HOVNANIAN AT CARMEL DEL MAR, INC.<BR>
K. HOVNANIAN AT CARMEL VILLAGE, LLC<BR>
K. HOVNANIAN AT CASTILE, INC.

</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->II-11<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">K. HOVNANIAN AT CEDAR GROVE III, L.L.C.<BR>
K. HOVNANIAN AT CEDAR GROVE V, L.L.C.<BR>
K. HOVNANIAN AT CHAPARRAL, INC.<BR>
K. HOVNANIAN AT CHARTER WAY, LLC<BR>
K. HOVNANIAN AT CHESTER I, L.L.C.<BR>
K. HOVNANIAN AT CHESTERFIELD, L.L.C.<BR>
K. HOVNANIAN AT CIELO, L.L.C.<BR>
K. HOVNANIAN AT CLIFTON, L.L.C.<BR>
K. HOVNANIAN AT COASTLINE, L.L.C.<BR>
K. HOVNANIAN AT CORTEZ HILL, LLC<BR>
K. HOVNANIAN AT CRANBURY, L.L.C.<BR>
K. HOVNANIAN AT CRESTLINE, INC.<BR>
K. HOVNANIAN AT CURRIES WOODS, L.L.C.<BR>
K. HOVNANIAN AT DENVILLE, L.L.C.<BR>
K. HOVNANIAN AT DEPTFORD TOWNSHIP, L.L.C.<BR>
K. HOVNANIAN AT DOMINGUEZ HILLS, INC.<BR>
K. HOVNANIAN AT DOVER, L.L.C.<BR>
K. HOVNANIAN AT EAST BRANDYWINE, L.L.C.<BR>
K. HOVNANIAN AT EASTLAKE, LLC<BR>
K. HOVNANIAN AT EDGEWATER II, L.L.C.<BR>
K. HOVNANIAN AT EDGEWATER, L.L.C.<BR>
K. HOVNANIAN AT EGG HARBOR TOWNSHIP II, L.L.C.<BR>
K. HOVNANIAN AT EGG HARBOR TOWNSHIP, L.L.C.<BR>
K. HOVNANIAN AT EL DORADO RANCH II, L.L.C.<BR>
K. HOVNANIAN AT EL DORADO RANCH, L.L.C.<BR>
K. HOVNANIAN AT ELK TOWNSHIP, L.L.C.<BR>
K. HOVNANIAN AT ENCINITAS RANCH, LLC<BR>
K. HOVNANIAN AT EVERGREEN, L.L.C.<BR>
K. HOVNANIAN AT EWING, L.L.C.<BR>
K. HOVNANIAN AT FAIR OAKS, L.L.C.<BR>
K. HOVNANIAN AT FIDDYMENT RANCH, LLC<BR>
K. HOVNANIAN AT FIFTH AVENUE, L.L.C.<BR>
K. HOVNANIAN AT FLORENCE I, L.L.C.<BR>
K. HOVNANIAN AT FLORENCE II, L.L.C.<BR>
K. HOVNANIAN AT FOREST MEADOWS, L.L.C.<BR>
K. HOVNANIAN AT FRANKLIN, L.L.C.<BR>
K. HOVNANIAN AT FREEHOLD TOWNSHIP, L.L.C.<BR>
K. HOVNANIAN AT FRESNO, LLC<BR>
K. HOVNANIAN AT GASLAMP SQUARE, L.L.C.<BR>
K. HOVNANIAN AT GILROY, LLC<BR>
K. HOVNANIAN AT GREAT NOTCH, L.L.C.<BR>
K. HOVNANIAN AT GRIDLEY, LLC<BR>
K. HOVNANIAN AT GUTTENBERG, L.L.C.<BR>
K. HOVNANIAN AT HACKETTSTOWN II, L.L.C.<BR>
K. HOVNANIAN AT HAMBURG CONTRACTORS, L.L.C.<BR>
K. HOVNANIAN AT HAMBURG, L.L.C.<BR>
K. HOVNANIAN AT HAWTHORNE, L.L.C.<BR>
K. HOVNANIAN AT HAZLET, L.L.C.<BR>
K. HOVNANIAN AT HERSHEY&#146;S MILL, INC.<BR>
K. HOVNANIAN AT HIGHLAND SHORES, L.L.C.<BR>
K. HOVNANIAN AT HIGHLAND VINEYARDS, INC.<BR>
K. HOVNANIAN AT HILLTOP, L.L.C.<BR>
K. HOVNANIAN AT HUDSON POINTE, L.L.C.<BR>
K. HOVNANIAN AT JACKSON I, L.L.C.<BR>
K. HOVNANIAN AT JACKSON, L.L.C.<BR>
K. HOVNANIAN AT JAEGER RANCH, LLC

</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">K. HOVNANIAN AT JERSEY CITY IV, L.L.C.<BR>
K. HOVNANIAN AT JERSEY CITY V URBAN RENEWAL COMPANY, L.L.C.<BR>
K. HOVNANIAN AT KEYPORT, L.L.C.<BR>
K. HOVNANIAN AT KING FARM, L.L.C.<BR>
K. HOVNANIAN AT LA COSTA GREENS, L.L.C.<BR>
K. HOVNANIAN AT LA COSTA, LLC<BR>
K. HOVNANIAN AT LA HABRA KNOLLS, LLC<BR>
K. HOVNANIAN AT LA LAGUNA, L.L.C.<BR>
K. HOVNANIAN AT LA PAZ, LLC<BR>
K. HOVNANIAN AT LA TERRAZA, INC.<BR>
K. HOVNANIAN AT LAFAYETTE ESTATES, L.L.C.<BR>
K. HOVNANIAN AT LAKE RANCHO VIEJO, LLC<BR>
K. HOVNANIAN AT LAKE TERRAPIN, L.L.C.<BR>
K. HOVNANIAN AT LANDMARK, LLC<BR>
K. HOVNANIAN AT LARKSPUR, LLC<BR>
K. HOVNANIAN AT LAWRENCE V, L.L.C.<BR>
K. HOVNANIAN AT LEE SQUARE, L.L.C.<BR>
K. HOVNANIAN AT LINWOOD, L.L.C.<BR>
K. HOVNANIAN AT LITTLE EGG HARBOR CONTRACTORS, L.L.C.<BR>
K. HOVNANIAN AT LITTLE EGG HARBOR III, L.L.C.<BR>
K. HOVNANIAN AT LITTLE EGG HARBOR TOWNSHIP II, L.L.C.<BR>
K. HOVNANIAN AT LITTLE EGG HARBOR, L.L.C.<BR>
K. HOVNANIAN AT LIVE OAK II, LLC<BR>
K. HOVNANIAN AT LONG BRANCH I, L.L.C.<BR>
K. HOVNANIAN AT LOWER MACUNGIE TOWNSHIP I, L.L.C.<BR>
K. HOVNANIAN AT LOWER MACUNGIE TOWNSHIP II, L.L.C.<BR>
K. HOVNANIAN AT LOWER MAKEFIELD TOWNSHIP I, L.L.C.<BR>
K. HOVNANIAN AT LOWER MORELAND I, L.L.C.<BR>
K. HOVNANIAN AT LOWER MORELAND II, L.L.C.<BR>
K. HOVNANIAN AT LOWER MORELAND III, L.L.C.<BR>
K. HOVNANIAN AT MACUNGIE, L.L.C.<BR>
K. HOVNANIAN AT MAHWAH VI, INC.<BR>
K. HOVNANIAN AT MALAN PARK, L.L.C.<BR>
K. HOVNANIAN AT MANALAPAN III, L.L.C.<BR>
K. HOVNANIAN AT MANSFIELD I, L.L.C.<BR>
K. HOVNANIAN AT MANSFIELD II, L.L.C.<BR>
K. HOVNANIAN AT MANSFIELD III, L.L.C.<BR>
K. HOVNANIAN AT MANTECA, LLC<BR>
K. HOVNANIAN AT MAPLE AVENUE, L.L.C.<BR>
K. HOVNANIAN AT MARLBORO TOWNSHIP IX, L.L.C.<BR>
K. HOVNANIAN AT MARLBORO TOWNSHIP V, L.L.C.<BR>
K. HOVNANIAN AT MARLBORO TOWNSHIP VIII, L.L.C.<BR>
K. HOVNANIAN AT MARLBORO VI, L.L.C.<BR>
K. HOVNANIAN AT MARLBORO VII, L.L.C.<BR>
K. HOVNANIAN AT MATSU, L.L.C.<BR>
K. HOVNANIAN AT MELANIE MEADOWS, LLC<BR>
K. HOVNANIAN AT MENDHAM TOWNSHIP, L.L.C.<BR>
K. HOVNANIAN AT MENIFEE, LLC<BR>
K. HOVNANIAN AT MIDDLE TOWNSHIP II, L.L.C.<BR>
K. HOVNANIAN AT MIDDLE TOWNSHIP, L.L.C.<BR>
K. HOVNANIAN AT MIDDLETOWN II, L.L.C.<BR>
K. HOVNANIAN AT MILLVILLE I, L.L.C.<BR>
K. HOVNANIAN AT MILLVILLE II, L.L.C.<BR>
K. HOVNANIAN AT MONROE II, INC.<BR>
K. HOVNANIAN AT MONROE IV, L.L.C.<BR>
K. HOVNANIAN AT MONROE NJ, L.L.C.

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">K. HOVNANIAN AT MONTVALE, LLC<BR>
K. HOVNANIAN AT MONTVALE II, L.L.C.<BR>
K. HOVNANIAN AT MOSAIC, LLC<BR>
K. HOVNANIAN AT MT. OLIVE TOWNSHIP, L.L.C.<BR>
K. HOVNANIAN AT MUIRFIELD, LLC<BR>
K. HOVNANIAN AT NEW BRUNSWICK URBAN RENEWAL, L.L.C.<BR>
K. HOVNANIAN AT NEW WINDSOR, L.L.C.<BR>
K. HOVNANIAN AT NORTH BERGEN. L.L.C.<BR>
K. HOVNANIAN AT NORTH BRUNSWICK VI, L.L.C.<BR>
K. HOVNANIAN AT NORTH CALDWELL II, L.L.C.<BR>
K. HOVNANIAN AT NORTH CALDWELL III, L.L.C.<BR>
K. HOVNANIAN AT NORTH CALDWELL IV, L.L.C.<BR>
K. HOVNANIAN AT NORTH CALDWELL, L.L.C.<BR>
K. HOVNANIAN AT NORTH HALEDON, L.L.C.<BR>
K. HOVNANIAN AT NORTH WILDWOOD, L.L.C.<BR>
K. HOVNANIAN AT NORTHAMPTON, L.L.C.<BR>
K. HOVNANIAN AT NORTHERN WESTCHESTER, INC.<BR>
K. HOVNANIAN AT NORTHFIELD, L.L.C.<BR>
K. HOVNANIAN AT NORTHLAKE, INC.<BR>
K. HOVNANIAN AT OCEAN TOWNSHIP, INC.<BR>
K. HOVNANIAN AT OCEAN WALK, INC.<BR>
K. HOVNANIAN AT OCEANPORT, L.L.C.<BR>
K. HOVNANIAN AT OLD BRIDGE, L.L.C.<BR>
K. HOVNANIAN AT OLDE ORCHARD, LLC<BR>
K. HOVNANIAN AT PACIFIC BLUFFS, LLC<BR>
K. HOVNANIAN AT PARAMUS, L.L.C.<BR>
K. HOVNANIAN AT PARK LANE, LLC<BR>
K. HOVNANIAN AT PARKSIDE, LLC<BR>
K. HOVNANIAN AT PARSIPPANY, L.L.C.<BR>
K. HOVNANIAN AT PARSIPPANY-TROY HILLS, L.L.C.<BR>
K. HOVNANIAN AT PERKIOMEN II, INC.<BR>
K. HOVNANIAN AT PHILADELPHIA II, L.L.C.<BR>
K. HOVNANIAN AT PHILADELPHIA III, L.L.C.<BR>
K. HOVNANIAN AT PHILADELPHIA IV, L.L.C.<BR>
K. HOVNANIAN AT PIAZZA D&#146;ORO, L.L.C.<BR>
K. HOVNANIAN AT PIAZZA SERENA, L.L.C.<BR>
K. HOVNANIAN AT PITTSGROVE, L.L.C.<BR>
K. HOVNANIAN AT PORT IMPERIAL URBAN RENEWAL IV, L.L.C.<BR>
K. HOVNANIAN AT PORT IMPERIAL URBAN RENEWAL V, L.L.C.<BR>
K. HOVNANIAN AT PORT IMPERIAL URBAN RENEWAL VI, L.L.C.<BR>
K. HOVNANIAN AT PORT IMPERIAL URBAN RENEWAL VII, L.L.C.<BR>
K. HOVNANIAN AT PORT IMPERIAL URBAN RENEWAL VIII, L.L.C.<BR>
K. HOVNANIAN AT POSITANO, LLC<BR>
K. HOVNANIAN AT PRADO, L.L.C.<BR>
K. HOVNANIAN AT RANCHO 79, LLC<BR>
K. HOVNANIAN AT RANCHO CRISTIANITOS, INC.<BR>
K. HOVNANIAN AT RANCHO SANTA MARGARITA, LLC<BR>
K. HOVNANIAN AT RANDOLPH I, L.L.C.<BR>
K. HOVNANIAN AT RAPHO, L.L.C.<BR>
K. HOVNANIAN AT READINGTON II, L.L.C.<BR>
K. HOVNANIAN AT RED BANK, L.L.C.<BR>
K. HOVNANIAN AT RIDGEMONT, L.L.C.<BR>
K. HOVNANIAN AT RIDGESTONE, L.L.C.<BR>
K. HOVNANIAN AT RIVERBEND, LLC<BR>
K. HOVNANIAN AT RIVERCREST, LLC<BR>
K. HOVNANIAN AT RODERUCK, L.L.C.

</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">K. HOVNANIAN AT ROSEMARY LANTANA, L.L.C.<BR>
K. HOVNANIAN AT ROWLAND HEIGHTS, LLC<BR>
K. HOVNANIAN AT SAGE, L.L.C.<BR>
K. HOVNANIAN AT SAN SEVAINE, INC.<BR>
K. HOVNANIAN AT SANTA FE SPRINGS, LLC<BR>
K. HOVNANIAN AT SANTA NELLA, LLC<BR>
K. HOVNANIAN AT SARATOGA, INC.<BR>
K. HOVNANIAN AT SAVANNAH LAKE, L.L.C.<BR>
K. HOVNANIAN AT SAWMILL, INC.<BR>
K. HOVNANIAN AT SAYREVILLE, L.L.C.<BR>
K. HOVNANIAN AT SHELDON GROVE, LLC<BR>
K. HOVNANIAN AT SHREWSBURY, LLC<BR>
K. HOVNANIAN AT SCOTCH PLAINS, L.L.C.<BR>
K. HOVNANIAN AT SIERRA ESTATES, LLC<BR>
K. HOVNANIAN AT SILVER SPRING, L.L.C.<BR>
K. HOVNANIAN AT SKYE ISLE, LLC<BR>
K. HOVNANIAN AT SMITHVILLE III, L.L.C.<BR>
K. HOVNANIAN AT SMITHVILLE, INC<BR>
K. HOVNANIAN AT SOMERS POINT, L.L.C.<BR>
K. HOVNANIAN AT SOUTH BRUNSWICK, L.L.C.<BR>
K. HOVNANIAN AT SOUTH BRUNSWICK II, L.L.C.<BR>
K. HOVNANIAN AT SPARTA, L.L.C.<BR>
K. HOVNANIAN AT SPRINGCO, L.L.C.<BR>
K. HOVNANIAN AT STANTON, LLC<BR>
K. HOVNANIAN AT STATION SQUARE, L.L.C.<BR>
K. HOVNANIAN AT STONE CANYON, INC.<BR>
K. HOVNANIAN AT SUNRIDGE PARK, LLC<BR>
K. HOVNANIAN AT SUNSETS, LLC<BR>
K. HOVNANIAN AT SYCAMORE, INC.<BR>
K. HOVNANIAN AT TEANECK, L.L.C.<BR>
K. HOVNANIAN AT THE CLIFFS, LLC<BR>
K. HOVNANIAN AT THE CROSBY, LLC<BR>
K. HOVNANIAN AT THE GABLES, LLC<BR>
K. HOVNANIAN AT THE MONARCH, L.L.C.<BR>
K. HOVNANIAN AT THE PRESERVE, LLC<BR>
K. HOVNANIAN AT THOMPSON RANCH, LLC<BR>
K. HOVNANIAN AT THORNBURY, INC.<BR>
K. HOVNANIAN AT TRAIL RIDGE, LLC<BR>
K. HOVNANIAN AT TRENTON, L.L.C.<BR>
K. HOVNANIAN AT TROVATA, INC.<BR>
K. HOVNANIAN AT UNION TOWNSHIP I, INC.<BR>
K. HOVNANIAN AT UPPER FREEHOLD TOWNSHIP II, L.L.C.<BR>
K. HOVNANIAN AT UPPER FREEHOLD TOWNSHIP III, L.L.C.<BR>
K. HOVNANIAN AT UPPER MAKEFIELD I, INC.<BR>
K. HOVNANIAN AT UPPER UWCHLAN II, L.L.C.<BR>
K. HOVNANIAN AT UPPER UWCHLAN, L.L.C.<BR>
K. HOVNANIAN AT VAIL RANCH, INC.<BR>
K. HOVNANIAN AT VALLE DEL SOL, LLC<BR>
K. HOVNANIAN AT VERONA URBAN RENEWAL, L.L.C.<BR>
K. HOVNANIAN AT VICTORVILLE, L.L.C.<BR>
K. HOVNANIAN AT VINELAND, L.L.C.<BR>
K. HOVNANIAN AT VISTA DEL SOL, L.L.C.<BR>
K. HOVNANIAN AT WANAQUE, L.L.C.<BR>
K. HOVNANIAN AT WARMINSTER, LLC<BR>
K. HOVNANIAN AT WARREN TOWNSHIP, L.L.C.<BR>
K. HOVNANIAN AT WASHINGTON, L.L.C.

</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">K. HOVNANIAN AT WATERSTONE, LLC<BR>
K. HOVNANIAN AT WAYNE IX, L.L.C.<BR>
K. HOVNANIAN AT WAYNE, VIII, L.L.C.<BR>
K. HOVNANIAN AT WEST BRADFORD, L.L.C.<BR>
K. HOVNANIAN AT WEST VIEW ESTATES, L.L.C.<BR>
K. HOVNANIAN AT WEST WINDSOR, L.L.C.<BR>
K. HOVNANIAN AT WESTSHORE, LLC<BR>
K. HOVNANIAN AT WHEELER RANCH, LLC<BR>
K. HOVNANIAN AT WILDROSE, INC.<BR>
K. HOVNANIAN AT WILDWOOD BAYSIDE, L.L.C.<BR>
K. HOVNANIAN AT WILLOW BROOK, L.L.C.<BR>
K. HOVNANIAN AT WINCHESTER, LLC<BR>
K. HOVNANIAN AT WOODCREEK WEST, LLC<BR>
K. HOVNANIAN AT WOODHILL ESTATES, L.L.C.<BR>
K. HOVNANIAN AT WOOLWICH I, L.L.C.<BR>
K. HOVNANIAN CAMBRIDGE HOMES, L.L.C.<BR>
K. HOVNANIAN CENTRAL ACQUISITIONS, L.L.C.<BR>
K. HOVNANIAN CLASSICS CIP, L.L.C.<BR>
K. HOVNANIAN CLASSICS, L.L.C.<BR>
K. HOVNANIAN COMMUNITIES, INC.<BR>
K. HOVNANIAN COMPANIES METRO D.C. NORTH, L.L.C.<BR>
K. HOVNANIAN COMPANIES NORTHEAST, INC.<BR>
K. HOVNANIAN COMPANIES OF CALIFORNIA, INC.<BR>
K. HOVNANIAN COMPANIES OF MARYLAND, INC.<BR>
K. HOVNANIAN COMPANIES OF NEW YORK, INC.<BR>
K. HOVNANIAN COMPANIES OF PENNSYLVANIA, INC.<BR>
K. HOVNANIAN COMPANIES OF SOUTHERN CALIFORNIA, INC.<BR>
K. HOVNANIAN COMPANIES OF VIRGINIA, INC.<BR>
K. HOVNANIAN COMPANIES, LLC<BR>
K. HOVNANIAN CONNECTICUT ACQUISITIONS, L.L.C.<BR>
K. HOVNANIAN CONSTRUCTION II, INC<BR>
K. HOVNANIAN CONSTRUCTION III, INC<BR>
K. HOVNANIAN CONSTRUCTION MANAGEMENT, INC.<BR>
K. HOVNANIAN CRAFTBUILT HOMES OF SOUTH CAROLINA, L.L.C.<BR>
K. HOVNANIAN DELAWARE ACQUISITIONS, L.L.C.<BR>
K. HOVNANIAN DEVELOPMENTS OF ARIZONA, INC.<BR>
K. HOVNANIAN DEVELOPMENTS OF CALIFORNIA, INC.<BR>
K. HOVNANIAN DEVELOPMENTS OF CONNECTICUT, INC.<BR>
K. HOVNANIAN DEVELOPMENTS OF D.C., INC.<BR>
K. HOVNANIAN DEVELOPMENTS OF DELAWARE, INC.<BR>
K. HOVNANIAN DEVELOPMENTS OF GEORGIA, INC.<BR>
K. HOVNANIAN DEVELOPMENTS OF ILLINOIS, INC.<BR>
K. HOVNANIAN DEVELOPMENTS OF INDIANA, INC.<BR>
K. HOVNANIAN DEVELOPMENTS OF KENTUCKY, INC.<BR>
K. HOVNANIAN DEVELOPMENTS OF MARYLAND, INC.<BR>
K. HOVNANIAN DEVELOPMENTS OF MICHIGAN, INC.<BR>
K. HOVNANIAN DEVELOPMENTS OF MINNESOTA, INC.<BR>
K. HOVNANIAN DEVELOPMENTS OF NEW JERSEY II, INC.<BR>
K. HOVNANIAN DEVELOPMENTS OF NEW JERSEY, INC.<BR>
K. HOVNANIAN DEVELOPMENTS OF NEW YORK, INC.<BR>
K. HOVNANIAN DEVELOPMENTS OF NORTH CAROLINA, INC.<BR>
K. HOVNANIAN DEVELOPMENTS OF OHIO, INC.<BR>
K. HOVNANIAN DEVELOPMENTS OF PENNSYLVANIA, INC.<BR>
K. HOVNANIAN DEVELOPMENTS OF SOUTH CAROLINA, INC.<BR>
K. HOVNANIAN DEVELOPMENTS OF TEXAS, INC.<BR>
K. HOVNANIAN DEVELOPMENTS OF VIRGINIA, INC.

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">K. HOVNANIAN DEVELOPMENTS OF WEST VIRGINIA, INC.<BR>
K. HOVNANIAN EASTERN PENNSYLVANIA, L.L.C.<BR>
K. HOVNANIAN FIRST HOMES, L.L.C.<BR>
K. HOVNANIAN FLORIDA REALTY, L.L.C.<BR>
K. HOVNANIAN FOUR SEASONS @ HISTORIC VIRGINIA, LLC<BR>
K. HOVNANIAN FOUR SEASONS AT GOLD HILL, LLC<BR>
K. HOVNANIAN GREAT WESTERN BUILDING COMPANY, LLC<BR>
K. HOVNANIAN GREAT WESTERN HOMES, LLC<BR>
K. HOVNANIAN HOLDINGS NJ, L.L.C.<BR>
K. HOVNANIAN HOMES &#151; DFW, L.L.C.<BR>
K. HOVNANIAN HOMES AT CAMERON STATION, LLC<BR>
K. HOVNANIAN HOMES AT CAMP SPRINGS, L.L.C.<BR>
K. HOVNANIAN HOMES AT FAIRWOOD, L.L.C.<BR>
K. HOVNANIAN HOMES AT FOREST RUN, L.L.C.<BR>
K. HOVNANIAN HOMES AT GREENWAY FARM PARK TOWNS, L.L.C.<BR>
K. HOVNANIAN HOMES AT GREENWAY FARM, L.L.C.<BR>
K. HOVNANIAN HOMES AT JONES STATION 1, L.L.C.<BR>
K. HOVNANIAN HOMES AT JONES STATION 2, L.L.C.<BR>
K. HOVNANIAN HOMES AT MAXWELL PLACE, L.L.C.<BR>
K. HOVNANIAN HOMES AT PAYNE STREET, L.L.C.<BR>
K. HOVNANIAN HOMES AT PRIMERA, L.L.C.<BR>
K. HOVNANIAN HOMES AT RENAISSANCE PLAZA, L.L.C.<BR>
K. HOVNANIAN HOMES AT RUSSETT, L.L.C.<BR>
K. HOVNANIAN HOMES AT THE HIGHLANDS, LLC<BR>
K. HOVNANIAN HOMES NORTHERN CALIFORNIA, INC.<BR>
K. HOVNANIAN HOMES OF D.C., L.L.C.<BR>
K. HOVNANIAN HOMES OF DELAWARE, L.L.C.<BR>
K. HOVNANIAN HOMES OF GEORGIA, L.L.C.<BR>
K. HOVNANIAN HOMES OF HOUSTON, L.L.C.<BR>
K. HOVNANIAN HOMES OF INDIANA, L.L.C.<BR>
K. HOVNANIAN HOMES OF MARYLAND, L.L.C.<BR>
K. HOVNANIAN HOMES OF MINNESOTA, L.L.C.<BR>
K. HOVNANIAN HOMES OF NORTH CAROLINA, INC.<BR>
K. HOVNANIAN HOMES OF PENNSYLVANIA, L.L.C.<BR>
K. HOVNANIAN HOMES OF SOUTH CAROLINA, LLC<BR>
K. HOVNANIAN HOMES OF VIRGINIA, INC.<BR>
K. HOVNANIAN HOMES OF WEST VIRGINIA, L.L.C.<BR>
K. HOVNANIAN LIBERTY ON BLUFF CREEK, LLC<BR>
K. HOVNANIAN NORTH CENTRAL ACQUISITIONS, L.L.C.<BR>
K. HOVNANIAN NORTH JERSEY ACQUISITIONS, L.L.C.<BR>
K. HOVNANIAN NORTHEAST SERVICES, L.L.C.<BR>
K. HOVNANIAN OF HOUSTON II, L.L.C.<BR>
K. HOVNANIAN OHIO REALTY, L.L.C.<BR>
K. HOVNANIAN OSTER HOMES, L.L.C.<BR>
K. HOVNANIAN PA REAL ESTATE, INC.<BR>
K. HOVNANIAN PENNSYLVANIA ACQUISITIONS, L.L.C.<BR>
K. HOVNANIAN PORT IMPERIAL URBAN RENEWAL, INC.<BR>
K. HOVNANIAN PROPERTIES OF RED BANK, INC.<BR>
K. HOVNANIAN SHORE ACQUISITIONS, L.L.C.<BR>
K. HOVNANIAN SOUTH JERSEY ACQUISITIONS, L.L.C.<BR>
K. HOVNANIAN SOUTHERN NEW JERSEY, L.L.C.<BR>
K. HOVNANIAN STANDING ENTITY, L.L.C.<BR>
K. HOVNANIAN SUMMIT HOLDINGS, L.L.C.<BR>
K. HOVNANIAN SUMMIT HOMES OF KENTUCKY, L.L.C.<BR>
K. HOVNANIAN SUMMIT HOMES OF MICHIGAN, L.L.C.<BR>
K. HOVNANIAN SUMMIT HOMES OF PENNSYLVANIA, L.L.C.

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">K. HOVNANIAN SUMMIT HOMES OF WEST VIRGINIA, L.L.C.<BR>
K. HOVNANIAN SUMMIT HOMES, L.L.C.<BR>
K. HOVNANIAN T&#038;C HOMES AT FLORIDA, L.L.C.<BR>
K. HOVNANIAN T&#038;C HOMES AT ILLINOIS, L.L.C.<BR>
K. HOVNANIAN T&#038;C INVESTMENT, L.L.C.<BR>
K. HOVNANIAN T&#038;C MANAGEMENT CO., L.L.C.<BR>
K. HOVNANIAN TIMBRES AT ELM CREEK, LLC<BR>
K. HOVNANIAN VENTURE I, L.L.C.<BR>
K. HOVNANIAN WINDWARD HOMES, LLC<BR>
K. HOVNANIAN&#146;S FOUR SEASONS AT ASHBURN VILLAGE, L.L.C.<BR>
K. HOVNANIAN&#146;S FOUR SEASONS AT BAILEY&#146;S GLENN, L.L.C.<BR>
K. HOVNANIAN&#146;S FOUR SEASONS AT BAKERSFIELD, L.L.C.<BR>
K. HOVNANIAN&#146;S FOUR SEASONS AT BEAUMONT, LLC<BR>
K. HOVNANIAN&#146;S FOUR SEASONS AT CHARLOTTESVILLE, L.L.C.<BR>
K. HOVNANIAN&#146;S FOUR SEASONS AT DULLES DISCOVERY CONDOMINIUM, L.L.C.<BR>
K. HOVNANIAN&#146;S FOUR SEASONS AT DULLES DISCOVERY, L.L.C.<BR>
K. HOVNANIAN&#146;S FOUR SEASONS AT HEMET, LLC<BR>
K. HOVNANIAN&#146;S FOUR SEASONS AT HUNTFIELD, L.L.C.<BR>
K. HOVNANIAN&#146;S FOUR SEASONS AT KENT ISLAND CONDOMINIUMS, L.L.C.<BR>
K. HOVNANIAN&#146;S FOUR SEASONS AT KENT ISLAND, L.L.C.<BR>
K. HOVNANIAN&#146;S FOUR SEASONS AT LOS BANOS, LLC<BR>
K. HOVNANIAN&#146;S FOUR SEASONS AT MORENO VALLEY, L.L.C.<BR>
K. HOVNANIAN&#146;S FOUR SEASONS AT NEW KENT VINEYARDS, L.L.C.<BR>
K. HOVNANIAN&#146;S FOUR SEASONS AT PALM SPRINGS, LLC<BR>
K. HOVNANIAN&#146;S FOUR SEASONS AT RENAISSANCE, L.L.C.<BR>
K. HOVNANIAN&#146;S FOUR SEASONS AT RUSH CREEK II, LLC<BR>
K. HOVNANIAN&#146;S FOUR SEASONS AT RUSH CREEK, L.L.C.<BR>
K. HOVNANIAN&#146;S FOUR SEASONS AT ST. MARGARETS LANDING, L.L.C.<BR>
K. HOVNANIAN&#146;S FOUR SEASONS AT VINT HILL, L.L.C.<BR>
K. HOVNANIAN&#146;S FOUR SEASONS, LLC<BR>
K. HOVNANIAN&#146;S PARKSIDE AT TOWNGATE, L.L.C.<BR>
K. HOVNANIAN&#146;S PRIVATE HOME PORTFOLIO, L.L.C.<BR>
KHIP, L.L.C.<BR>
LANDARAMA, INC.<BR>
M&#038;M AT CHESTERFIELD, LLC<BR>
M&#038;M AT CRESCENT COURT, L.L.C.<BR>
M&#038;M AT WEST ORANGE, L.L.C.<BR>
M&#038;M AT WHEATENA URBAN RENEWAL, L.L.C.<BR>
MATZEL &#038; MUMFORD AT EGG HARBOR, L.L.C.<BR>
MATZEL &#038; MUMFORD AT SOUTH BOUND BROOK URBAN RENEWAL, L.L.C.<BR>
MCNJ, INC.<BR>
MIDWEST BUILDING PRODUCTS &#038; CONTRACTOR SERVICES OF KENTUCKY, L.L.C.<BR>
MIDWEST BUILDING PRODUCTS &#038; CONTRACTOR SERVICES OF MICHIGAN, L.L.C.<BR>
MIDWEST BUILDING PRODUCTS &#038; CONTRACTOR SERVICES OF PENNSYLVANIA, L.L.C.<BR>
MIDWEST BUILDING PRODUCTS &#038; CONTRACTOR SERVICES OF WEST VIRGINIA, L.L.C.<BR>
MIDWEST BUILDING PRODUCTS &#038; CONTRACTOR SERVICES, L.L.C.<BR>
MMIP, L.L.C.<BR>
NATOMAS CENTRAL NEIGHBORHOOD HOUSING, L.L.C.<BR>
NEW LAND TITLE AGENCY, L.L.C.<BR>
PADDOCKS, L.L.C.<BR>
PARK TITLE COMPANY, LLC<BR>
PINE AYR, LLC<BR>
RIDGEMORE UTILITY ASSOCIATES OF PENNSYLVANIA, L.L.C.<BR>
RIDGEMORE UTILITY, L.L.C.<BR>
SEABROOK ACCUMULATION CORPORATION<BR>
STONEBROOK HOMES, INC.

</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->II-18<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">TERRAPIN REALTY, L.L.C.<BR>
THE HIGHLANDS CONDOMINIUMS AT METROSQUARE, L.L.C.<BR>
THE MATZEL &#038; MUMFORD ORGANIZATION, INC<BR>
THE RESIDENCE AT DULLES PARKWAY CORPORATE CENTER, LLC<BR>
THE RESIDENCE AT GREENFIELD CROSSING, L.L.C.<BR>
WASHINGTON HOMES AT COLUMBIA TOWN CENTER, L.L.C.<BR>
WASHINGTON HOMES, INC.<BR>
WESTMINSTER HOMES OF ALABAMA, L.L.C.<BR>
WESTMINSTER HOMES OF MISSISSIPPI, LLC<BR>
WESTMINSTER HOMES OF TENNESSEE, INC.<BR>
WESTMINSTER HOMES, INC.<BR>
WH LAND I, INC.<BR>
WH PROPERTIES, INC.<BR>
WH/PR LAND COMPANY, L.L.C.<BR>
WOODLAND LAKE CONDOMINIUMS AT BOWIE NEW TOWN, L.L.C.

</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->II-19<!-- /Folio -->
</DIV>




<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>INDEX TO EXHIBITS</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="88%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Exhibit</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Description of Exhibits</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">1.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Underwriting Agreement (Hovnanian Debt Securities and Warrants to Purchase Hovnanian Debt Securities).(1)</TD>
</TR><TR>
<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">1.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Underwriting Agreement (K. Hovnanian Debt Securities and Warrants to Purchase K. Hovnanian Debt
Securities).(1)</TD>
</TR><TR>
<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">1.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Underwriting Agreement (Equity Securities, Depositary Shares and Warrants to Purchase Equity Securities and
Depositary Shares).(1)</TD>
</TR><TR>
<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">1.4
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Underwriting Agreement (Stock Purchase Contracts).(1)</TD>
</TR><TR>
<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">1.5
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Underwriting Agreement (Stock Purchase Units).(1)</TD>
</TR>
<TR>
<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">1.6
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Underwriting Agreement (Units).(1)</TD>
</TR>
<TR>
<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Certificate of Incorporation of Hovnanian Enterprises, Inc.(2)</TD>
</TR>
<TR>
<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Certificate of Amendment of Certificate of Incorporation of Hovnanian Enterprises, Inc.(3)</TD>
</TR>
<TR>
<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Restated By-Laws of Hovnanian Enterprises, Inc.(4).</TD>
</TR>
<TR>
<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.4
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Specimen Class&nbsp;A Common Stock Certificate.(5)</TD>
</TR>
<TR>
<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.5
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Specimen Class&nbsp;B Common Stock Certificate.(5)</TD>
</TR>
<TR>
<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.6
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Certificate of Designations, Powers, Preferences and Rights of the 7.625% Series&nbsp;A Preferred Stock of
Hovnanian Enterprises, Inc., dated July&nbsp;12, 2005.(6)</TD>
</TR>
<TR>
<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.7
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Certificate of Designations of the Series&nbsp;B Junior Preferred Stock of Hovnanian Enterprises, Inc., dated
August&nbsp;14, 2008.(2)</TD>
</TR>
<TR>
<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.8
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Rights Agreement, dated as of August&nbsp;14, 2008, between Hovnanian Enterprises, Inc. and National City Bank, as
Rights Agent, which includes the Form of Certificate of Designation as Exhibit&nbsp;A, Form of Right Certificate as
Exhibit&nbsp;B and the Summary of Rights as Exhibit&nbsp;C.(7)</TD>
</TR>
<TR>
<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.9
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Hovnanian Debt Securities.(8)</TD>
</TR>
<TR>
<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.10
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of K. Hovnanian Debt Securities.(8)</TD>
</TR>
<TR>
<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.11
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Hovnanian Senior Debt Indenture.(9)</TD>
</TR>
<TR>
<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.12
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Hovnanian Senior Subordinated Debt Indenture.(9)</TD>
</TR>
<TR>
<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.13
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Hovnanian Subordinated Debt Indenture.(9)</TD>
</TR>
<TR>
<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.14
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of K. Hovnanian Senior Debt Indenture.(9)</TD>
</TR>
<TR>
<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.15
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of K. Hovnanian Senior Subordinated Debt Indenture.(9)</TD>
</TR>
<TR>
<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.16
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of K. Hovnanian Subordinated Debt Indenture.(9)</TD>
</TR>
<TR>
<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.17
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Warrant Agreement for Preferred Stock, Depositary Shares and Common Stock (including Form of Warrant
Certificate).(10)</TD>
</TR>
<TR>
<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.18
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Warrant Agreement for Hovnanian Debt Securities (including form of Warrant Certificate).(8)</TD>
</TR>
<TR>
<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.19
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Warrant Agreement for K. Hovnanian Debt Securities (including form of Warrant Certificate).(8)</TD>
</TR>
<TR>
<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.20
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Purchase Contract Agreement (including form of Purchase Contact Unit).(11)</TD>
</TR>
<TR>
<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.21
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Certificate(s) of Designations with respect to the Preferred Stock.(1)</TD>
</TR>
<TR>
<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.22
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Deposit Agreement with respect to the Depositary Shares (including the form of depositary receipt to
be issued thereunder).(10)</TD>
</TR>
<TR>
<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.23
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Unit Agreement (including form of Unit).(1)</TD>
</TR>
<TR>
<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Opinion of Simpson Thacher &#038; Bartlett LLP.(9)</TD>
</TR>
<TR>
<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Opinion of Peter S. Reinhart, Senior Vice-President and General Counsel of Hovnanian and K. Hovnanian.(9)</TD>
</TR>
<TR>
<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">12.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Computation of Ratios of Earnings to Fixed Charges and Earnings to Combined Fixed Charges and Preferred Stock
Dividends.(12)</TD>
</TR>
<TR>
<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Deloitte &#038; Touche LLP.*</TD>
</TR>
<TR>
<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Ernst &#038; Young LLP.*</TD>
</TR>
<TR>
<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Simpson Thacher &#038; Bartlett LLP (included in Exhibit&nbsp;5.1).</TD>
</TR>
<TR>
<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.4
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Peter S. Reinhart, Senior Vice-President and General Counsel of Hovnanian and K. Hovnanian
(included in Exhibit&nbsp;5.2).</TD>
</TR>
<TR>
<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">24.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Powers of Attorney of the Board of Directors of Hovnanian Enterprises, Inc. (included on signature pages).</TD>
</TR>
<TR>
<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">24.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Powers of Attorney of the Board of Directors of K. Hovnanian Enterprises, Inc. (included on signature pages).</TD>
</TR>
<TR>
<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">24.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Powers of Attorney of the Board of Directors of Subsidiary Registrants (included on signature pages).</TD>
</TR>
<TR>
<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">24.4
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Powers of Attorney of the Board of Directors of K. HOV IP, Inc. (included on signature pages).</TD>
</TR>
<TR>
<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">24.5
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Powers of Attorney of the Board of Directors of K. HOV IP, II, Inc. (included on signature pages).</TD>
</TR>
<TR>
<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">25.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Statement of Eligibility of Trustee under the Hovnanian Indentures.(9)</TD>
</TR>
<TR>
<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">25.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Statement of Eligibility of Trustee under the K. Hovnanian Indentures.(9)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">*</TD>
    <TD>&nbsp;</TD>
    <TD>Filed herewith</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(1)</TD>
    <TD>&nbsp;</TD>
    <TD>To be filed, if necessary, by amendment or as an Exhibit to one or more Current Reports on
Form 8-K and incorporated by reference herein.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(2)</TD>
    <TD>&nbsp;</TD>
    <TD>Incorporated by reference to Exhibits to Quarterly Report of Hovnanian Enterprises, Inc. on
Form 10-Q for the quarter ended July&nbsp;31, 2008 (No.&nbsp;001-08551).</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(3)</TD>
    <TD>&nbsp;</TD>
    <TD>Incorporated by reference to Exhibits to Current Report of Hovnanian Enterprises, Inc. on
Form 8-K filed December&nbsp;9, 2008 (No.&nbsp;001-08551).</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt"><!-- Folio -->II-20<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">





<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">(4)</TD>
    <TD>&nbsp;</TD>
    <TD>Incorporated by reference to Exhibits to Current Report of Hovnanian Enterprises, Inc. on
Form 8-K, filed December&nbsp;21, 2009 (No.&nbsp;001-08551).</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(5)</TD>
    <TD>&nbsp;</TD>
    <TD>Incorporated by reference to Exhibits to Quarterly Report of Hovnanian Enterprises, Inc. on
Form 10-Q for the quarter ended January&nbsp;31, 2009 (No.&nbsp;001-08551).</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(6)</TD>
    <TD>&nbsp;</TD>
    <TD>Incorporated by reference to Exhibits to Current Report of Hovnanian Enterprises, Inc. on
Form 8-K , filed on July&nbsp;13, 2005 (No.&nbsp;001-08551).</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(7)</TD>
    <TD>&nbsp;</TD>
    <TD>Incorporated by reference to Exhibits to the Registration Statement of Hovnanian Enterprises,
Inc. on Form 8-A, filed August&nbsp;14, 2008 (No.&nbsp;001-08551).</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(8)</TD>
    <TD>&nbsp;</TD>
    <TD>Incorporated by reference to Exhibits to Registration Statement of Hovnanian Enterprises,
Inc. on Form&nbsp;S-3 (No.&nbsp;333-51991).</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(9)</TD>
    <TD>&nbsp;</TD>
    <TD>To be filed by one or more pre-effective amendments to this Registration Statement on Form
S-3.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(10)</TD>
    <TD>&nbsp;</TD>
    <TD>Incorporated by reference to Exhibits to Registration Statement of Hovnanian Enterprises,
Inc. on Form&nbsp;S-3 (No.&nbsp;333-125738).</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(11)</TD>
    <TD>&nbsp;</TD>
    <TD>Incorporated by reference to Exhibits to Registration Statement of Hovnanian Enterprises,
Inc. on Form&nbsp;S-3 (No.&nbsp;333-68528).</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(12)</TD>
    <TD>&nbsp;</TD>
    <TD>Incorporated by reference to Exhibits to Annual Report of Hovnanian Enterprises, Inc. on Form
10-K for the year ended October&nbsp;31, 2010 (No.&nbsp;001-08551).</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt"><!-- Folio -->II-21<!-- /Folio -->
</DIV>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.1
<SEQUENCE>2
<FILENAME>y88639exv23w1.htm
<DESCRIPTION>EX-23.1
<TEXT>
<HTML>
<HEAD>
<TITLE>exv23w1</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->

<DIV style="font-family: 'Times New Roman',Times,serif">






<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit&nbsp;23.1</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We consent to the incorporation by reference in this Registration Statement on Form S-3 of our
reports dated December&nbsp;22, 2010, relating to the consolidated financial statements of Hovnanian
Enterprises, Inc., and the effectiveness of Hovnanian Enterprises, Inc.&#146;s internal control over
financial reporting, appearing in the Annual Report on Form 10-K of Hovnanian Enterprises, Inc. for
the year ended October&nbsp;31, 2010, and to the reference to us under the heading &#147;Experts&#148; in the
Prospectus, which is part of this Registration Statement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">/s/ Deloitte &#038; Touche LLP
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Parsippany, New Jersey<BR>
December&nbsp;22, 2010

</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.2
<SEQUENCE>3
<FILENAME>y88639exv23w2.htm
<DESCRIPTION>EX-23.2
<TEXT>
<HTML>
<HEAD>
<TITLE>exv23w2</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit&nbsp;23.2</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Consent of Independent Registered Public Accounting Firm</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We consent to the reference to our firm under the caption &#147;Experts&#148; in this
Registration Statement (Form S-3) and related Prospectus of Hovnanian
Enterprises, Inc. (the &#147;Company&#148;), K. Hovnanian Enterprises, Inc. and certain
subsidiaries of the Company for the registration of $500,000,000 of (i)
preferred stock, (ii)&nbsp;Class&nbsp;A common stock, (iii)&nbsp;preferred stock purchase
rights, (iv)&nbsp;depositary shares, (v)&nbsp;warrants to purchase preferred stock, Class
A common stock, depositary shares and debt securities, (vi)&nbsp;debt securities,
(vii)&nbsp;stock purchase contracts, (viii)&nbsp;stock purchase units,
(ix)&nbsp;units and (x)&nbsp;guarantees of such debt securities and warrants, and to the
incorporation by reference therein of our report dated December&nbsp;23, 2008, with
respect to the consolidated financial statements of Hovnanian Enterprises, Inc.
and subsidiaries for the year ended October&nbsp;31, 2008, included in its Annual
Report (Form 10-K) for the year ended October&nbsp;31, 2010, filed with the
Securities and Exchange Commission.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">/s/ Ernst &#038; Young LLP
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">New York, New York<BR>
December&nbsp;22, 2010

</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>




</BODY>
</HTML>
</TEXT>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
