<SEC-DOCUMENT>0001753926-24-001060.txt : 20240531
<SEC-HEADER>0001753926-24-001060.hdr.sgml : 20240531
<ACCEPTANCE-DATETIME>20240531163905
ACCESSION NUMBER:		0001753926-24-001060
CONFORMED SUBMISSION TYPE:	S-8
PUBLIC DOCUMENT COUNT:		4
FILED AS OF DATE:		20240531
DATE AS OF CHANGE:		20240531
EFFECTIVENESS DATE:		20240531

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HOVNANIAN ENTERPRISES INC
		CENTRAL INDEX KEY:			0000357294
		STANDARD INDUSTRIAL CLASSIFICATION:	OPERATIVE BUILDERS [1531]
		ORGANIZATION NAME:           	05 Real Estate & Construction
		IRS NUMBER:				221851059
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		S-8
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-279882
		FILM NUMBER:		241010382

	BUSINESS ADDRESS:	
		STREET 1:		90 MATAWAN ROAD, 5TH FLOOR
		CITY:			MATAWAN
		STATE:			NJ
		ZIP:			07747
		BUSINESS PHONE:		7327477800

	MAIL ADDRESS:	
		STREET 1:		90 MATAWAN ROAD, 5TH FLOOR
		CITY:			MATAWAN
		STATE:			NJ
		ZIP:			07747
</SEC-HEADER>
<DOCUMENT>
<TYPE>S-8
<SEQUENCE>1
<FILENAME>MainDocument.htm
<DESCRIPTION>FORM S-8
<TEXT>
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<p style="margin: 0pt 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">As filed with the Securities and Exchange Commission on </font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">May</font> <font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">31</font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">, 202</font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">4</font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">.</font></p>
<p style="margin: 0pt 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Registration No. 333-</font></p>
<p style="margin: 0pt 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">UNITED STATES</font></p>
<p style="margin: 0pt 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</font></p>
<p style="margin: 0pt 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Washington, D.C. 20549</font></p>
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<p style="margin: 0pt 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">FORM S-8</font></p>
<p style="margin: 0pt 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">REGISTRATION STATEMENT UNDER</font></p>
<p style="margin: 0pt 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">THE SECURITIES ACT OF 1933</font></p>
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<p style="margin: 0pt 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Hovnanian Enterprises, Inc.</font></p>
<p style="margin: 0pt 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(Exact name of registrant as specified in its charter)</font></p>
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Delaware</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(State or other jurisdiction of</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">incorporation or organization)</font></p>














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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">22-1851059 </font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(I.R.S. Employer</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Identification Number)</font></p>














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<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">90 Matawan Road, Fifth Floor</font></p>
<p style="margin: 0pt 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Matawan, NJ 07747</font><br><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">(732) 747-7800</font></p>
<p style="margin: 0pt 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(Address of principal executive offices, including zip code and telephone number)</font></p>
<p style="margin: 0px; text-align: center; text-indent: 0px;"><br></p>
<hr style="border: none; color: #000000; height: 1px; text-align: center; width: 25%; background-color: #000000;"></hr>
<p style="margin: 0pt 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Third</font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> Amended and Restated 2020 Hovnanian Enterprises, Inc. Stock Incentive Plan</font></p>
<p style="margin: 0pt 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(Full title of the plan)</font></p>
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Brad G. O&#8217;Connor</font></p>
<p style="margin: 0pt 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Hovnanian Enterprises, Inc.</font></p>
<p style="margin: 0pt 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">90 Matawan Road, Fifth Floor</font></p>
<p style="margin: 0pt 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Matawan, NJ 07747</font></p>
<p style="margin: 0pt 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">(732)</font> <font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">747-7800</font></p>
<p style="margin: 0pt 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(Name and address, including zip code, and telephone number, including area code, of agent for service)</font></p>
<p style="margin: 0pt 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">Copies to:</font></p>
<p style="margin: 0pt 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Marisa D. Stavenas,</font> <font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Esq.</font></p>
<p style="margin: 0pt 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Simpson Thacher &amp; Bartlett LLP</font></p>
<p style="margin: 0pt 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">425 Lexington Avenue</font></p>
<p style="margin: 0pt 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">New York, New York 10017-3954</font></p>
<p style="margin: 0pt 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">(212) 455-2000</font></p>
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<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of &#8220;large accelerated filer,&#8221; </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8220;accelerated filer,&#8221; &#8220;smaller reporting company&#8221; and &#8220;emerging growth company&#8221; in Rule 12b-2 of the Exchange Act.</font></p>
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt; page-break-after: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp; &nbsp;Large accelerated filer </font><font style="font-family: 'Segoe UI Emoji'; font-size: 10pt;">&#9744;</font></p>














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<p style="margin: 0pt; page-break-after: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Accelerated filer </font><font style="font-family: 'Segoe UI Emoji'; font-size: 10pt;">&#9746;</font></p>














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<p style="margin: 0pt; page-break-after: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp; &nbsp;Non-accelerated filer </font><font style="font-family: 'Segoe UI Emoji'; font-size: 10pt;">&#9744;</font></p>














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<p style="margin: 0pt; page-break-after: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Smaller reporting company </font><font style="font-family: 'Segoe UI Emoji'; font-size: 10pt;">&#9744;</font></p>














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<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>














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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Emerging growth company </font><font style="font-family: 'Segoe UI Emoji'; font-size: 10pt;">&#9744;</font></p>














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<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. </font><font style="font-family: 'Segoe UI Emoji'; font-size: 10pt;">&#9744;</font></p>
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<hr style="border: none; color: #000000; height: 2px; text-align: center; width: 100%; background-color: #000000;"></hr>
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">EXPLANATORY NOTE</font></p>
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 8pt; text-indent: 36pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">On March 2</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">1</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">, 202</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">4</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">, at the annual meeting of stock</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">holders of Hovnanian Enterprises, Inc. (the</font><font style="font-family: 'Times New Roman'; font-size: 10pt;"> &#8220;Company&#8221;), the Company&#8217;s stock</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">holders approved the </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">Third</font><font style="font-family: 'Times New Roman'; font-size: 10pt;"> Amended and Restated 2020 Hovnanian Enterprises, Inc. Stock Incentive Plan (the &#8220;Amended Plan&#8221;) which amended and restated the </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">Second </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">Amended and Restated 2020 Hovnanian Enterprises, Inc. Stock Incentive Plan (the &#8220;Existing Plan&#8221;) to increase the number of shares (the &#8220;Shares&#8221;) of the Company&#8217;s Class A common stock, par value $0.01 per share (the &#8220;Class A Common Stock&#8221;), and Class B common stock, par value $0.01 per share (&#8220;Class B Common Stock&#8221; and together with Class A Common Stock, the &#8220;Common Stock&#8221;), that may be issued under the Existing Plan by </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">30</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">0,000 Shares from the </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,415</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">,000 Shares which were previously authorized for issuance. As a result, the total number of Shares authorized for issuance under the Amended Plan is 1,</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">7</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,000. This Registration Statement on Form S-8 (the &#8220;Registration Statement&#8221;) relates to the additional </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">30</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">0,000 Shares authorized for issuance under the Amended Plan.</font></p>
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 8pt; text-indent: 36pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Pursuant to General Instruction E to Form S-8, the contents of the effective registration statements of the Company on Form S-8 (File Nos. 333-239045</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">,</font><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 333-254853</font><font style="font-family: 'Times New Roman'; font-size: 10pt;"> and 333-265462</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">) filed by the Company with the Securities and Exchange Commission (the &#8220;Commission&#8221;) on June 9, 2020</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">,</font><font style="font-family: 'Times New Roman'; font-size: 10pt;"> March 30, 2021</font><font style="font-family: 'Times New Roman'; font-size: 10pt;"> and June 7</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">, 2022</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">, respectively, (the &#8220;Earlier Registration Statements&#8221;), including the information contained therein, are hereby incorporated by reference into this Registration Statement, except that the provisions contained in Part II of the Earlier Registration Statements are modified as set forth in this Registration Statement.</font></p>
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">PART I</font></p>
<p style="margin: 0pt 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS</font></p>
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 8pt; text-indent: 36pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The information specified in Items 1 and 2 of Part I of Form S-8 is omitted from this Registration Statement in accordance with the provisions of Rule 428 under the Securities Act and the introductory note to Part I of Form S-8. The documents containing the information specified in Part I of Form S-8 will be delivered to the participants in the Amended Plan covered by this Registration Statement as required by Rule 428(b)(1).</font></p>
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">PART II</font></p>
<p style="margin: 0pt 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</font></p>
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Item 3.</font> <font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Incorporation of Documents by Reference. </font></p>
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-indent: 45pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The following documents filed with the Commission by the Company are hereby incorporated by reference in this Registration Statement:</font></p>
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt; font-family: 'Times New Roman';"><font style="font-family: null; font-size: 10pt;">a)</font></p>














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<p style="margin: 0pt;"><font style="font-family: null; font-size: 10pt;">the Company&#8217;s Annual Report on Form 10-K for the fiscal year ended October 31, 202</font><font style="font-family: null; font-size: 10pt;">3</font><font style="font-family: null; font-size: 10pt;"> filed on </font><a href="http://www.sec.gov/ix?doc=/Archives/edgar/data/357294/000143774923034783/hov20231031_10k.htm" data-mce-href="http://www.sec.gov/ix?doc=/Archives/edgar/data/357294/000143774923034783/hov20231031_10k.htm"><font style="color: #0000ff; font-family: null; font-size: 10pt; text-decoration: underline;">December 18, 2023</font><font style="font-family: null; font-size: 10pt;">;</font></p>














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<p style="margin: 0pt;"><font style="font-family: null; font-size: 10pt;">b)</font></p>














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<p style="margin: 0pt; font-family: null;"><font style="font-family: null; font-size: 10pt; margin: 0pt;">the <font style="font-family: null; font-size: 10pt;">Company&#8217;s</font> Quarterly Reports on Form 10-Q for the quarterly period ended January 31, 202</font><font style="font-family: null; font-size: 10pt;">4</font><font style="font-family: null; font-size: 10pt;">, filed on </font><a href="http://www.sec.gov/ix?doc=/Archives/edgar/data/357294/000175392624000450/hov-20240131.htm" data-mce-href="http://www.sec.gov/ix?doc=/Archives/edgar/data/357294/000175392624000450/hov-20240131.htm"><font style="color: #0000ff; font-family: null; font-size: 10pt; text-decoration: underline;">March 1, 2024</font></a><font style="font-family: null; font-size: 10pt;">, and for the quarterly period ended April 30, 2024, filed on</font><a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/357294/000175392624001058/hov-20240430.htm" data-mce-href="https://www.sec.gov/ix?doc=/Archives/edgar/data/357294/000175392624001058/hov-20240430.htm"><font style="font-family: null; font-size: 10pt;"> May 31</font><font style="font-family: null; font-size: 10pt;">, 2024</font><font style="font-family: null; font-size: 10pt;">;</font></p>














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<p style="margin: 0pt;"><font style="font-family: null; font-size: 10pt;">c)</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: null; font-size: 10pt;">the Company&#8217;s Current Reports on Form 8-K filed on </font><a href="http://www.sec.gov/ix?doc=/Archives/edgar/data/357294/000143774924001208/hov20240110_8k.htm" title="January 11,2024" data-mce-href="http://www.sec.gov/ix?doc=/Archives/edgar/data/357294/000143774924001208/hov20240110_8k.htm"><font style="color: #0000ff; font-family: null; font-size: 10pt; text-decoration: underline;">January </font><font style="color: #0000ff; font-family: null; font-size: 10pt; text-decoration: underline;">11, 2024</font></a><font style="font-family: null; font-size: 10pt;">,</font> <a href="http://www.sec.gov/ix?doc=/Archives/edgar/data/357294/000143774924009053/hov20240321_8k.htm" data-mce-href="http://www.sec.gov/ix?doc=/Archives/edgar/data/357294/000143774924009053/hov20240321_8k.htm"><font style="color: #0000ff; font-family: null; font-size: 10pt; text-decoration: underline;">March 22, 2024</font></a><font style="font-family: null; font-size: 10pt;"> and </font><a href="http://www.sec.gov/ix?doc=/Archives/edgar/data/357294/000175392624001013/hov-20240521.htm" data-mce-href="http://www.sec.gov/ix?doc=/Archives/edgar/data/357294/000175392624001013/hov-20240521.htm"><font style="color: #0000ff; font-family: null; font-size: 10pt; text-decoration: underline;">May 22, 2024</font></a><font style="font-family: null; font-size: 10pt;"> (first filed report)</font></p>














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<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 12pt;">&nbsp;</font></p>














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<p style="margin: 0pt;"><font style="font-family: null; font-size: 10pt;">d)</font></p>














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<td style="vertical-align: top; width: auto;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: null; font-size: 10pt;">the description of the Company&#8217;s Class A Common Stock contained in the Company&#8217;s description of securities, filed with the Commission as Exhibit 4(</font><font style="font-family: null; font-size: 10pt;">m</font><font style="font-family: null; font-size: 10pt;">) to the Company&#8217;s Annual Report on Form 10-K for the fiscal year ended October 31, 20</font><font style="font-family: null; font-size: 10pt;">23</font><font style="font-family: null; font-size: 10pt;">, filed with the Commission on </font><a href="http://www.sec.gov/Archives/edgar/data/357294/000143774923034783/ex_606398.htm"><font style="color: #0000ff; font-family: null; font-size: 10pt; text-decoration: underline;">December 18,</font> <font style="color: #0000ff; font-family: null; font-size: 10pt; text-decoration: underline;">2023</font></a><font style="font-family: null; font-size: 10pt;">, </font><font style="font-family: null; font-size: 10pt;">including any amendment or reports filed for the purpose of updating such descriptions; and</font></p>














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<td style="vertical-align: top; width: 27pt; height: 24px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 12pt;">&nbsp;</font></p>














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<td style="vertical-align: top; width: 18pt; height: 24px;">
<p style="margin: 0pt;"><font style="font-family: null; font-size: 10pt;">e)</font></p>














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<td style="vertical-align: top; width: auto; height: 24px;">
<p style="margin: 0pt;"><font style="font-family: null; font-size: 10pt;">The descriptions of the Company&#8217;s Preferred Stock Purchase Rights contained in the Company&#8217;s Registration Statements on Form 8-A, filed on </font><a href="http://www.sec.gov/Archives/edgar/data/357294/000035729408000032/cover8afiling.htm"><font style="color: #0000ff; font-family: null; font-size: 10pt; text-decoration: underline;">August 14, 2008</font></a><font style="font-family: null; font-size: 10pt;">, </font><a href="http://www.sec.gov/Archives/edgar/data/357294/000143774918000531/hov20180110_8a12ba.htm"><font style="color: #0000ff; font-family: null; font-size: 10pt; text-decoration: underline;">January 11, 2018</font></a><font style="font-family: null; font-size: 10pt;">,</font> <a href="http://www.sec.gov/Archives/edgar/data/357294/000143774921000887/hov20210113_8a12ba.htm"><font style="color: #0000ff; font-family: null; font-size: 10pt; text-decoration: underline;">January 19, 2021</font></a>&nbsp;(first filing available <a href="http://www.sec.gov/Archives/edgar/data/357294/000143774921000887/hov20210113_8a12ba.htm">here</a>)&nbsp;<font style="font-family: null; font-size: 10pt;">and <a href="http://www.sec.gov/Archives/edgar/data/357294/000143774924001215/hov20240110_8a12ba.htm">January 11, 2024</a></font><font style="font-family: null; font-size: 10pt;">, </font><font style="font-family: null; font-size: 10pt;">and any amendment or report filed for the purpose of updating such descriptions.</font></p>














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<p style="margin: 0pt; text-indent: 36pt;"><br></p>
<p style="margin: 0pt; text-indent: 36pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">All documents that the Company subsequently files pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934 (as amended) (the &#8220;Exchange Act&#8221;) (other than information and related exhibits furnished pursuant to Item 2.02 or Item 7.01 of any Current Report on Form 8-K, unless expressly stated otherwise therein) after the date of this Registration Statement and prior to the filing of a post-effective amendment to this Registration Statement which indicates that all securities offered have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference into this Registration Statement and to be a part hereof from the date of filing of such documents.</font></p>
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-indent: 36pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">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 Registration Statement to the extent that a statement contained herein or in any other subsequently filed document which also is or is deemed to be incorporated by reference herein modifies 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 Registration Statement.</font></p>
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Item 6.</font> <font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Indemnification of Directors and Officers.</font></p>
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-indent: 36pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The Company is a Delaware corporation. Section 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&#8217; fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by him or her 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 or she 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 or her conduct was unlawful. Section 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&#8217; fiduciary duty of care.</font></p>
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-indent: 36pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Article FOURTH of the Company&#8217;s </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">Second </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">Amended and Restated By-Laws contains the following provisions with respect to indemnification:</font></p>
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 36pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The Corporation shall indemnify any current or former director or officer of the Corporation and his or her 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 or her heirs, executors and administers, against all expenses (including attorneys&#8217; fees), judgments, fines and amounts paid in settlement actually and reasonabl</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">y</font><font style="font-family: 'Times New Roman'; font-size: 10pt;"> incurred by him or by his or her heirs, executors and administrators in connection with any threatened, pending or completed action, suit or proceeding (brought by or in the 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 or her </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">current or former position with the Corporation or by reason of the fact that he is or was serving, at the request of the Corporation, as a director, officer, partner, trustee, employee or agent of another corporation, partnership, joint venture, trust or other enterprise. Notwithstanding the preceding sentence, except as otherwise provided in this Article IV, the Corporation shall be required to indemnify a director or officer of the Corporation and his or her heirs, executors and administrators in connection with a proceeding (or part thereof) commenced by such person only if the commencement of such proceeding (or part thereof) by such person was authorized in the specific case by the Board of Directors of the Corporation.</font></p>
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt; text-indent: 36pt;"><br></p>
<p style="margin: 0pt; text-indent: 36pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Any indemnification pursuant to the provisions above shall be made by the Company unless a determination (as provided for in the Company&#8217;s </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">Second </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">Amended and Restated By-Laws) is made that indemnification is not proper because the person has not met the applicable standards of conduct as set forth therein.</font></p>
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-indent: 36pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The Company generally maintains a liability insurance policy providing coverage for its directors and officers in an amount up to $85,000,000.</font></p>
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Item 8.</font> <font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Exhibits.</font></p>
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt; page-break-after: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Exhibit</font></p>
<p style="margin: 0pt; page-break-after: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Number</font></p>














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<p style="margin: 0pt; page-break-after: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Description of Document</font></p>














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<p style="margin: 0pt; page-break-after: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4.1</font></p>














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<p style="margin: 0pt; page-break-after: avoid;"><a href="http://www.sec.gov/Archives/edgar/data/357294/000143774919005975/ex_139015.htm"><font style="color: #0000ee; font-family: 'Times New Roman'; font-size: 10pt; text-decoration: underline;">Restated Certificate of Incorporation of Hovnanian Enterprises, Inc. (Incorporated by reference to Exhibits to Current Report on Form 8-K of Hovnanian Enterprises, Inc. filed on March 29, 2019).</font></a></p>














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<p style="margin: 0pt; page-break-after: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4.2</font></p>














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<p style="margin: 0pt; page-break-after: avoid;"><a href="http://www.sec.gov/Archives/edgar/data/357294/000143774923008254/ex_493796.htm"><font style="color: #0000ff; font-family: 'Times New Roman'; font-size: 10pt; text-decoration: underline;">Second </font><font style="color: #0000ff; font-family: 'Times New Roman'; font-size: 10pt; text-decoration: underline;">Amended and Restated Bylaws of Hovnanian Enterprises, Inc. (Incorporated by reference to Exhibits to Current Report on Form 8-K of Hovnanian Enterprises, Inc. filed on March 28, 2023).</font></a></p>














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<p style="margin: 0pt; page-break-after: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4.3</font></p>














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<p style="margin: 0pt; page-break-after: avoid;"><a href="http://www.sec.gov/Archives/edgar/data/357294/000143774919005975/ex_139016.htm"><font style="color: #0000ee; font-family: 'Times New Roman'; font-size: 10pt; text-decoration: underline;">Specimen Class A Common Stock Certificate (Incorporated by reference to Exhibits to Current Report on Form 8-K of Hovnanian Enterprises, Inc. filed on March 29, 2019).</font></a></p>














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<td style="vertical-align: top; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4.4</font></p>














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<td style="vertical-align: top; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid;"><a href="http://www.sec.gov/Archives/edgar/data/357294/000143774919005975/ex_139017.htm"><font style="color: #0000ee; font-family: 'Times New Roman'; font-size: 10pt; text-decoration: underline;">Specimen Class B Common Stock Certificate (Incorporated by reference to Exhibits to Current Report on Form 8-K of Hovnanian Enterprises, Inc. filed on March 29, 2019).</font></a></p>














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<td style="vertical-align: top; height: 34px;">
<p style="margin: 0pt; page-break-after: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4.5</font></p>














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<p style="margin: 0pt; page-break-after: avoid;"><a href="http://www.sec.gov/Archives/edgar/data/357294/000035729408000034/ex4bcertseriesb.htm"><font style="color: #0000ee; font-family: 'Times New Roman'; font-size: 10pt; text-decoration: underline;">Certificate of Designations of the Series B Junior Preferred Stock of Hovnanian Enterprises, Inc., dated August 14, 2008 (Incorporated by reference to Exhibits to Quarterly Report on Form 10-Q of Hovnanian Enterprises, Inc. for the quarter ended July 31, 2008).</font></a></p>














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<td style="vertical-align: top; height: 34px;">
<p style="margin: 0pt; page-break-after: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4.6</font></p>














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<td style="vertical-align: top; height: 34px;">
<p style="margin: 0pt; page-break-after: avoid;"><a href="http://www.sec.gov/Archives/edgar/data/357294/000035729408000032/rightsagreementexhibit.htm"><font style="color: #0000ee; font-family: 'Times New Roman'; font-size: 10pt; text-decoration: underline;">Rights Agreement, dated as of August 14, 2008, between Hovnanian Enterprises, Inc. and National City Bank, as Rights Agent, which includes the Form of Certificate of Designation as Exhibit A, Form of Right Certificate as Exhibit B and the Summary of Rights as Exhibit C (Incorporated by reference to Exhibits to the Registration Statement on Form 8-A of Hovnanian Enterprises, Inc. filed on August 14, 2008).</font></a></p>














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<td style="vertical-align: top; height: 34px;">
<p style="margin: 0pt; page-break-after: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4.7</font></p>














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<td style="vertical-align: top; height: 34px;">
<p style="margin: 0pt; page-break-after: avoid;"><a href="http://www.sec.gov/Archives/edgar/data/357294/000143774918000530/ex_102887.htm"><font style="color: #0000ee; font-family: 'Times New Roman'; font-size: 10pt; text-decoration: underline;">Amendment No. 1 to Rights Agreement, dated as of January 11, 2018, between Hovnanian Enterprises, Inc. and Computershare Trust Company, N.A. (as successor to National City Bank), as Rights Agent, which includes the amended and restated Form of Rights Certificate as Exhibit 1 and the amended and restated Summary of Rights as Exhibit 2 (Incorporated by reference to Exhibits to Current Report on Form 8-K of Hovnanian Enterprises, Inc. filed on January 11, 2018).</font></a></p>














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<td style="vertical-align: top; height: 34px;">
<p style="margin: 0pt; page-break-after: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4.8</font></p>














</td>
<td style="vertical-align: top; height: 34px;">
<p style="margin: 0pt; page-break-after: avoid;"><a href="http://www.sec.gov/Archives/edgar/data/357294/000143774921000881/ex_220860.htm"><font style="color: #0000ee; font-family: 'Times New Roman'; font-size: 10pt; text-decoration: underline;">Amendment No. 2 to Rights Agreement, dated as of January 18, 2021, between Hovnanian Enterprises, Inc. and Computershare Trust Company, N.A. (as successor to National City Bank), as Rights Agent, which includes the amended and restated Form of Rights Certificate as Exhibit 1 and the amended and restated Summary of Rights as Exhibit 2 (Incorporated by reference to Exhibits to Current Report on Form 8-K of Hovnanian Enterprises, Inc. filed on January 19, 2021).</font></a></p>














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<td style="vertical-align: top; height: 45px;">
<p style="margin: 0pt; page-break-after: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4.9</font></p>














</td>
<td style="vertical-align: top; height: 45px;">
<p style="line-height: 12pt; margin: 5pt 0pt;"><a href="http://www.sec.gov/Archives/edgar/data/357294/000143774924001208/ex_614017.htm"><font style="color: #0000ff; font-family: 'Times New Roman'; font-size: 10pt; text-decoration: underline;">Amendment No. 3 to Rights Agreement, dated as of January 11, 2024, between the Company and Computershare Trust Company, N.A. (as successor to National City Bank), as Rights Agent, which includes the amended and restated Form of Rights Certificate as Exhibit 1 and the amended and restated Summary of Rights as Exhibit 2 (Incorporated by reference to Exhibits to Current Report on Form 8-K of the Registrant filed January 11, 2024).</font></a></p>














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<td style="vertical-align: top; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5.1*</font></p>














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<td style="vertical-align: top; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid;"><a href="ex51_1.htm" name="EX-5.1" class="LinkedExhibit" style="-sec-extract: exhibit;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Opinion of Simpson Thacher &amp; Bartlett LLP.</font></a></p>














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<p style="margin: 0pt; page-break-after: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10.1</font></p>














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<p style="margin: 0pt; page-break-after: avoid;"><a href="http://www.sec.gov/Archives/edgar/data/357294/000143774924009053/ex_643175.htm"><font style="color: #0000ff; font-family: 'Times New Roman'; font-size: 10pt; text-decoration: underline;">Third Amended and Restated 2020 Hovnanian Enterprises, Inc. Stock Incentive Plan (Incorporated by reference to Exhibit 10.1 to Current Report on Form 8-K of Hovnanian Enterprises, Inc. filed on March 22, 2024)</font><font style="color: #0000ff; font-family: 'Times New Roman'; font-size: 10pt; text-decoration: underline;">.</font></a></p>














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<p style="margin: 0pt; page-break-after: avoid;"><a href="ex231_2.htm" name="EX-23.1" class="LinkedExhibit" style="-sec-extract: exhibit;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Consent of Deloitte &amp; Touche LLP.</font></a></p>














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<p style="margin: 0pt; page-break-after: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">23.2</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">*</font></p>














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<p style="margin: 0pt; page-break-after: avoid;"><a href="ex51_1.htm" name="EX-5.1" class="LinkedExhibit" style="-sec-extract: exhibit;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Consent of Simpson Thacher &amp; Bartlett LLP (included as part of Exhibit 5.1).</font></a></p>














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<p style="margin: 0pt; page-break-after: avoid;"><a href="#Bp_3042024201729449"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Powers of Attorney (included in the signature page to this Registration Statement).</font></a></p>














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<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">107.1*</font></p>














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<p style="margin: 0pt;"><a href="exfilingfees_3.htm" name="EX-FILING FEES" class="LinkedExhibit" style="-sec-extract: exhibit;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Filing Fees.</font></a></p>














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<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">* Filed herewith.</font></p>
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<p style="margin: 0pt 0pt 0pt 8pt; text-align: center; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">SIGNATURES</font></p>
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<p style="margin: 0pt; text-indent: 36pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Matawan, New Jersey on </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">May </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">31</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, 2024</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</font></p>
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<p style="margin: 0pt; page-break-after: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">HOVNANIAN ENTERPRISES, INC.</font></p>



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<p style="margin: 0pt; page-break-after: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">By:</font></p>



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<p style="margin: 0pt; page-break-after: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">/s/ Brad G. O&#8217;Connor</font></p>



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<p style="margin: 0pt; page-break-after: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Name: Brad G. O&#8217;Connor</font></p>



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<p style="margin: 0pt 0pt 0pt 31pt; text-indent: -31pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Title: </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Chief Financial Officer and</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Treasurer</font></p>



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<div style="margin: 0pt; text-align: center; line-height: 1.2;"><a style="text-decoration: none; color: rgb(0, 0, 0); cursor: default; outline: none;" href="#TOC" name="Bp_3042024201729449" class="customBookmark"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">POWERS OF ATTORNEY</font></a></div>
<p style="margin: 0pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-indent: 36pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Brad G. O&#8217;Connor, the individual&#8217;s true and lawful attorney-in-fact, with full power of substitution and resubstitution, for such person and in his or her name, place and stead, in any and all capacities, to sign on the individual&#8217;s behalf a Registration Statement on Form S-8 of the Company (the &#8220;Registration Statement&#8221;) relating to the registration of common stock of the Company pursuant to the</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Third</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Amended and Restated 2020 Hovnanian Enterprises, Inc. Stock Incentive Plan and to make such changes in and additions and amendments to the Registration Statement (including post-effective amendments), 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 other documents in connection therewith, with the Securities and Exchange Commission, granting unto such said attorneys-in-fact and agents with full power and authority to do so and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact, or their substitute or substitutes, may lawfully do or cause to be done by virtue hereof.</font></p>
<p style="margin: 0pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-indent: 36pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in the capaci</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">ties indicated on </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">May </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">31</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, 2024</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</font></p>
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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Title</font></p>



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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">/s/ Ara K. Hovnanian</font></p>



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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Chairman of the Board, Chief Executive Officer, President and Director</font></p>



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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ara K. Hovnanian</font></p>



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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(Principal Executive Officer)</font></p>



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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">/s/ Brad G. O&#8217;Connor</font></p>



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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Chief Financial Officer and</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Treasurer</font></p>



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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Brad G. O&#8217;Connor</font></p>



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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Principal Financial Officer and </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Principal Accounting Officer)</font></p>



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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">/s/ Robert B. Coutts</font></p>



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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Director</font></p>



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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Robert B. Coutts</font></p>



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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">/s/ Miriam Hernandez-Kakol</font></p>



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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Director</font></p>



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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Miriam Hernandez-Kakol</font></p>



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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">/s/ Edward A. Kangas</font></p>



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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Director</font></p>



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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Edward A. Kangas</font></p>



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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Robin S. Sellers</font></p>



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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Director</font></p>



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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.1
<SEQUENCE>2
<FILENAME>ex51_1.htm
<DESCRIPTION>EXHIBIT 5.1
<TEXT>
<html><body><div><div style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2;">
<p style="margin: 0pt 7.2pt 0pt 15.2pt; text-align: right; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Exhibit 5.1</font></p>
<p style="margin: 0pt 7.2pt 0pt 15.2pt; text-align: center; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">[Letterhead of Simpson Thacher &amp; Bartlett LLP]</font></p>
<p style="margin: 0pt 7.2pt 0pt 15.2pt; text-align: right; line-height: 1.2;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">May</font> <font style="font-family: 'Times New Roman'; line-height: inherit;">31</font><font style="font-family: 'Times New Roman'; line-height: inherit;">, 202</font><font style="font-family: 'Times New Roman'; line-height: inherit;">4</font></font></p>
<p style="margin: 0pt 7.2pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Hovnanian Enterprises, Inc.</font><br><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">90 Matawan Road, Fifth Floor</font></p>
<p style="margin: 0pt 7.2pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Matawan, New Jersey 07747</font></p>
<p style="margin: 0pt 7.2pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ladies and Gentlemen:</font></p>
<p style="margin: 0pt 7.2pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt 7.2pt; text-align: justify; text-indent: 27pt; line-height: 1.2;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">We have acted as counsel to Hovnanian Enterprises, Inc., a Delaware corporation (the &#8220;Company&#8221;), in connection with the Registration Statement on Form S-8 (the &#8220;Registration Statement&#8221;) filed by the Company with the Securities and Exchange Commission (the &#8220;Commission&#8221;) under the Securities Act of 1933, as amended (the &#8220;Securities Act&#8221;), relating to the issuance by the Company of up to an aggregate of </font><font style="font-family: 'Times New Roman'; line-height: inherit;">300</font><font style="font-family: 'Times New Roman'; line-height: inherit;">,000 shares (the &#8220;Shares&#8221;) of Class A common stock, par value $0.01 per share (&#8220;Class A Common Stock&#8221;), and Class B common stock, par value $0.01 per share (&#8220;Class B Common Stock&#8221; and, together with the Class A Common Stock, the &#8220;Common Stock&#8221;), which may be issued pursuant to the </font><font style="font-family: 'Times New Roman'; line-height: inherit;">Third</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> Amended and Restated 2020 Hovnanian Enterprises, Inc. Stock Incentive Plan (the &#8220;Plan&#8221;).</font></font></p>
<p style="margin: 0pt 7.2pt; text-align: justify; text-indent: 27pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt 7.2pt; text-align: justify; text-indent: 27pt; line-height: 1.2;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">The Shares will be accompanied by a right (each, a &#8220;Right&#8221;) to purchase, under certain circumstances, from the Company one ten-thousandth of a share of its Series B Junior Preferred Stock, par value $0.01 per share (the &#8220;Preferred Shares&#8221;), pursuant to the Rights Agreement dated as of August 14, 2008 between the Company and National City Bank, as Rights Agent, as amended by Amendment No. 1 to the Rights Agreement, dated as of January 11, 2018 between the Company and Computershare Trust Company, N.A. (as successor to National City Bank), as Rights Agent (the &#8220;Rights Agent&#8221;), Amendment No. 2 to the Rights Agreement, dated as of January 18, 2021 between the Company and the Rights Agent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">, and Amendment No. 3 to the Rights Agreement, dated as of January 11, 2024</font><font style="font-family: 'Times New Roman'; line-height: inherit;">,</font> <font style="font-family: 'Times New Roman'; line-height: inherit;">between the Company and the Rights Agent </font><font style="font-family: 'Times New Roman'; line-height: inherit;">(as amended, the &#8220;Rights Agreement&#8221;), until the Expiration Date (as defined in the Rights Agreement). The Rights associated with the Shares initially will trade together with the Shares.</font></font></p>
<p style="margin: 0pt 7.2pt; text-align: justify; text-indent: 27pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt 7.2pt; text-align: justify; text-indent: 27pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">We have examined the Registration Statement, a copy of a specimen certificate representing the Class A Common Stock, a copy of a specimen certificate representing the Class B Common Stock, the Rights Agreement and the Plan, each of which has been filed with the Commission as an exhibit to the Registration Statement. In addition, we have examined, and have relied as to matters of fact upon, originals, or duplicates or certified or conformed copies, of such records, agreements, documents and other instruments and such certificates or comparable documents of public officials and of officers and representatives of the Company and have made such other investigations as we have deemed relevant and necessary in connection with the opinions hereinafter set forth.</font></p>
<p style="margin: 0pt 7.2pt; text-align: justify; text-indent: 27pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt 7.2pt; text-align: justify; text-indent: 27pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In rendering the opinions set forth below, we have assumed the genuineness of all signatures, the legal capacity of natural persons, the authenticity of all documents submitted to us as originals, the conformity to original documents of all documents submitted to us as duplicates or certified or conformed copies and the authenticity of the originals of such latter documents.</font></p>
<p style="margin: 0pt 7.2pt; text-align: justify; text-indent: 27pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt 7.2pt; text-align: justify; text-indent: 27pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">We have assumed further that (i) the Rights Agreement has been duly authorized, executed and delivered by the Rights Agent; (ii) the Rights Agreement is the valid and legally binding obligation of the Rights Agent; (iii) the Rights Agent is validly existing under the law of the jurisdiction in which it is organized; and (iv) with respect to the Rights, there are sufficient shares of preferred stock authorized under the Company&#8217;s Restated Certificate of Incorporation and not otherwise reserved for issuance.</font></p>
<p style="margin: 0pt 7.2pt; text-align: justify; text-indent: 27pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt 7.2pt; text-align: justify; text-indent: 27pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Based upon the foregoing, and subject to the qualifications, assumptions and limitations stated herein, we are of the opinion that:</font></p>
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<td style="width: 27px; vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">1.</font></td>
<td style="vertical-align: top;" valign="top"><font style="font-size: 10pt;"><font style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Upon issuance and delivery in accordance with the provisions of the Plan, any newly issued Shares will be validly issued, fully paid and&nbsp;</font>nonassessable<font style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">.</font></font></td>



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<td style="vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">2.</font></td>
<td style="vertical-align: top; text-align: justify;" valign="top"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Upon issuance and delivery of any newly issued Shares in accordance with the provisions of the Plan and the Rights attached thereto in accordance with the provisions of the Rights Agreement, such Rights will constitute valid and legally binding obligations of the Company, enforceable against the Company in accordance with their terms.</font></td>



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<p style="margin: 0pt 7.2pt; text-align: justify; text-indent: 27pt; line-height: 1.2;"><br></p>
<p style="margin: 0pt 7.2pt; text-align: justify; text-indent: 27pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Our opinion set forth in paragraph 2 above is subject to (i) the effects of bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar laws relating to or affecting creditors&#8217; rights generally, (ii) general equitable principles (whether considered in a proceeding in equity or at law), and (iii) an implied covenant of good faith and fair dealing. In addition, we express no opinion as to the validity, legally binding effect or enforceability of (i) Section 30 of the Rights Agreement relating to the severability provisions of the Rights Agreement or (ii) the waiver of rights and defenses contained in Sections 13(d) and 15(d) of the Rights Agreement.</font></p>
<p style="margin: 0pt 7.2pt; text-align: justify; text-indent: 27pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt 7.2pt; text-align: justify; text-indent: 27pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In addition, with respect to our opinion set forth in paragraph 2 above and the Rights and the Rights Agreement, (i) we do not address the determination a court of competent jurisdiction may make regarding whether the Company&#8217;s board of directors (the &#8220;Board of Directors&#8221;) would be required to redeem or terminate, or take other action with respect to, the Rights at some future time based on the facts and circumstances existing at that time, (ii) we assume that the members of the Board of Directors acted in a manner consistent with their fiduciary duties as required under applicable law in adopting the Rights Agreement, and (iii) we address the Rights and the Rights Agreement in their entirety.</font></p>
<p style="margin: 0pt 7.2pt; text-align: justify; text-indent: 27pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt 7.2pt; text-align: justify; text-indent: 27pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">We do not express any opinion herein concerning any law other than the law of the State of Delaware.</font></p>
<p style="margin: 0pt 7.2pt; text-align: justify; text-indent: 27pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt 7.2pt; text-align: justify; text-indent: 27pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">We hereby consent to the filing of this opinion letter as Exhibit 5.1 to the Registration Statement.</font></p>
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<td style="width: 45%; vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Very truly yours,</font></td>



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<td style="vertical-align: top;" valign="top"><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">/s/ SIMPSON THACHER &amp;<font>&nbsp;</font></font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">B</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">ARTLETT LLP</font></td>



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<td style="vertical-align: top;" valign="top"><br></td>
<td style="vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">SIMPSON THACHER &amp; BARTLETT LLP</font></td>



</tr>







</table>
<p style="margin: 0pt 7.2pt; text-align: justify; text-indent: 27pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>






</div></div></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.1
<SEQUENCE>3
<FILENAME>ex231_2.htm
<DESCRIPTION>EXHIBIT 23.1
<TEXT>
<html><body><div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<p style="margin: 0px; text-indent: 0px; text-align: right;"><a href="ex231_2.htm" name="EX-23.1" class="LinkedExhibit" style="-sec-extract: exhibit;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Exhibit 23.1</font></a></p>
<p style="margin: 0px; text-indent: 0px; text-align: right;"><br></p>
<p style="margin: 0pt 0pt 12pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</font></p>
<p style="margin: 0pt 8pt 12pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;">We consent to the incorporation by reference in this Registration Statement on Form S-8 of our report dated December 18, 2023 relating to the financial statements of Hovnanian Enterprises, Inc. and the effectiveness of Hovnanian Enterprises, Inc.'s internal control over financial reporting, appearing in the Annual Report on Form 10-K of Hovnanian Enterprises, Inc. for the year ended October 31, 2023.</font></p>
<p style="margin: 0pt 8pt 12pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;">/s/ DELOITTE &amp; TOUCHE LLP</font></p>
<p style="margin: 0pt 8pt 12pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">New York, New York</font></p>
<p style="margin: 0pt 8pt 12pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;">May 31, 2024</font></p>



</div></div></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-FILING FEES
<SEQUENCE>4
<FILENAME>exfilingfees_3.htm
<DESCRIPTION>EX-FILING FEES
<TEXT>
<html><body><div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<p style="margin: 0pt 7.2pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Exhibit 107.1 </font></p>
<p style="margin: 0pt 7.2pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Calculation of Filing Fee Tables </font></p>
<p style="margin: 0pt 7.2pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 7.2pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Form S-8 </font></p>
<p style="margin: 0pt 7.2pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(Form Type)</font></p>
<p style="margin: 0pt 7.2pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 7.2pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Hovnanian Enterprises, Inc.</font></p>
<p style="margin: 0pt 7.2pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(Exact Name of Registrant as Specified in its Charter)</font></p>
<p style="margin: 0pt 7.2pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 7.2pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Table 1: Newly Registered Securities </font></p>
<p style="margin: 0pt 7.2pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="height: 212px; border-collapse: collapse; margin-left: 7.2px; font-family: &quot;times new roman&quot;; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 86px;">
<td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 16%; height: 86px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">Security Type</font></p>

</td>
<td style="vertical-align: bottom; width: 1%; height: 86px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 9pt;">&nbsp;</font></p>

</td>
<td style="vertical-align: bottom; width: 1%; height: 86px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 9pt;">&nbsp;</font></p>

</td>
<td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 10%; height: 86px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">Security</font><br><font style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">Class Title</font></p>

</td>
<td style="vertical-align: bottom; width: 1%; height: 86px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 9pt;">&nbsp;</font></p>

</td>
<td style="vertical-align: bottom; width: 1%; height: 86px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 9pt;">&nbsp;</font></p>

</td>
<td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 9%; height: 86px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">Fee</font><br><font style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">Calculation</font><br><font style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">Rule(1)</font></p>

</td>
<td style="vertical-align: bottom; width: 1%; height: 86px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 9pt;">&nbsp;</font></p>

</td>
<td style="vertical-align: bottom; width: 1%; height: 86px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 9pt;">&nbsp;</font></p>

</td>
<td colspan="2" style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; height: 86px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">Amount</font><br><font style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">Registered(2)(3)</font></p>

</td>
<td style="vertical-align: bottom; width: 1%; height: 86px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 9pt;">&nbsp;</font></p>

</td>
<td style="vertical-align: bottom; width: 1%; height: 86px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 9pt;">&nbsp;</font></p>

</td>
<td colspan="2" style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; height: 86px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">Proposed</font><br><font style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">Maximum</font><br><font style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">Offering</font><br><font style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">Price Per</font><br><font style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">Unit(1)(4)</font></p>

</td>
<td style="vertical-align: bottom; width: 1%; height: 86px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 9pt;">&nbsp;</font></p>

</td>
<td style="vertical-align: bottom; width: 1%; height: 86px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 9pt;">&nbsp;</font></p>

</td>
<td colspan="2" style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; height: 86px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">Maximum</font><br><font style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">Aggregate</font><br><font style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">Offering</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">Price(1)(4)</font></p>

</td>
<td style="vertical-align: bottom; width: 1%; height: 86px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 9pt;">&nbsp;</font></p>

</td>
<td style="vertical-align: bottom; width: 1%; height: 86px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 9pt;">&nbsp;</font></p>

</td>
<td colspan="2" style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; height: 86px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">Fee Rate</font></p>

</td>
<td style="vertical-align: bottom; width: 1%; height: 86px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 9pt;">&nbsp;</font></p>

</td>
<td style="vertical-align: bottom; width: 1%; height: 86px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 9pt;">&nbsp;</font></p>

</td>
<td colspan="2" style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; height: 86px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">Amount of</font><br><font style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">Registration</font><br><font style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">Fee(1)(4)</font></p>

</td>
<td style="vertical-align: bottom; width: 1%; height: 86px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 9pt;">&nbsp;</font></p>

</td>
</tr>
<tr style="height: 17px;">
<td style="background-color: #cceeff; vertical-align: bottom; width: 16%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Equity</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: bottom; width: 1%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: bottom; width: 1%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Common Stock(3)</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: bottom; width: 1%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: bottom; width: 1%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: bottom; width: 9%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: bottom; width: 1%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: bottom; width: 1%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: bottom; width: 1%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: bottom; width: 9%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">300</font><font style="font-family: 'Times New Roman';">,000</font></font></p>

</td>
<td style="background-color: #cceeff; vertical-align: bottom; width: 1%; text-align: right; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: bottom; width: 1%; text-align: right; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: bottom; width: 1%; text-align: right; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">$</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: bottom; width: 9%; text-align: right; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">141.62</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: bottom; width: 1%; text-align: right; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: bottom; width: 1%; text-align: right; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: bottom; width: 1%; text-align: right; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">$</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: bottom; width: 9%; text-align: right; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">42,486,000</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: bottom; width: 1%; text-align: right; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: bottom; width: 1%; text-align: right; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td colspan="2" style="background-color: #cceeff; vertical-align: bottom; text-align: right; height: 17px;">
<p style="margin: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">$</font><font style="font-family: 'Times New Roman';">147</font><font style="font-family: 'Times New Roman';">.60</font><font style="font-family: 'Times New Roman';"> per</font></font></p>

</td>
<td style="background-color: #cceeff; vertical-align: bottom; width: 1%; text-align: right; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: bottom; width: 1%; text-align: right; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: bottom; width: 1%; text-align: right; height: 17px;">
<p style="margin: 0pt; text-align: left;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">$</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: bottom; width: 9%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,271</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: bottom; width: 1%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
</tr>
<tr style="height: 17px;">
<td style="background-color: #cceeff; vertical-align: middle; width: 16%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: middle; width: 1%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: middle; width: 1%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: middle; width: 10%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: middle; width: 1%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: middle; width: 1%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: middle; width: 9%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: middle; width: 1%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: middle; width: 1%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: middle; width: 1%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: middle; width: 9%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: middle; width: 1%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: middle; width: 1%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: middle; width: 1%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: middle; width: 9%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: middle; width: 1%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: middle; width: 1%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: middle; width: 1%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: middle; width: 9%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: middle; width: 1%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: middle; width: 1%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td colspan="2" style="background-color: #cceeff; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">$1,000,000</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: middle; width: 1%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: middle; width: 1%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: middle; width: 1%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: middle; width: 9%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: middle; width: 1%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
</tr>
<tr style="height: 34px;">
<td style="background-color: #ffffff; vertical-align: bottom; width: 16%; height: 34px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other</font></p>

</td>
<td style="background-color: #ffffff; vertical-align: bottom; width: 1%; height: 34px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #ffffff; vertical-align: bottom; width: 1%; height: 34px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #ffffff; vertical-align: bottom; width: 10%; height: 34px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Preferred Stock Purchase Rights(4)</font></p>

</td>
<td style="background-color: #ffffff; vertical-align: bottom; width: 1%; height: 34px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #ffffff; vertical-align: bottom; width: 1%; height: 34px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #ffffff; vertical-align: bottom; width: 9%; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#8212;</font></p>

</td>
<td style="background-color: #ffffff; vertical-align: bottom; width: 1%; height: 34px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #ffffff; vertical-align: bottom; width: 1%; height: 34px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #ffffff; vertical-align: bottom; width: 1%; height: 34px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #ffffff; vertical-align: bottom; width: 9%; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#8212;</font></p>

</td>
<td style="background-color: #ffffff; vertical-align: bottom; width: 1%; text-align: right; height: 34px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #ffffff; vertical-align: bottom; width: 1%; text-align: right; height: 34px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #ffffff; vertical-align: bottom; width: 1%; text-align: right; height: 34px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #ffffff; vertical-align: bottom; width: 9%; text-align: right; height: 34px;">
<p style="margin: 0pt;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#8212;</font></p>

</td>
<td style="background-color: #ffffff; vertical-align: bottom; width: 1%; text-align: right; height: 34px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #ffffff; padding-bottom: 0.75pt; vertical-align: bottom; width: 1%; text-align: right; height: 34px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: right; height: 34px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 9%; text-align: right; height: 34px;">
<p style="margin: 0pt;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#8212;</font></p>

</td>
<td style="background-color: #ffffff; padding-bottom: 0.75pt; vertical-align: bottom; width: 1%; text-align: right; height: 34px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #ffffff; vertical-align: bottom; width: 1%; text-align: right; height: 34px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #ffffff; vertical-align: bottom; width: 1%; text-align: right; height: 34px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #ffffff; vertical-align: bottom; width: 9%; text-align: right; height: 34px;">
<p style="margin: 0pt;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#8212;</font></p>

</td>
<td style="background-color: #ffffff; vertical-align: bottom; width: 1%; text-align: right; height: 34px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #ffffff; padding-bottom: 0.75pt; vertical-align: bottom; width: 1%; text-align: right; height: 34px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: right; height: 34px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 9%; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#8212;</font></p>

</td>
<td style="background-color: #ffffff; padding-bottom: 0.75pt; vertical-align: bottom; width: 1%; height: 34px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
</tr>
<tr style="height: 20px;">
<td style="background-color: #cceeff; vertical-align: bottom; width: 16%; height: 20px;">
<p style="margin: 0pt 0pt 0pt 18pt; text-indent: -9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total Offering Amounts</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: bottom; width: 1%; height: 20px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: bottom; width: 1%; height: 20px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: bottom; width: 10%; height: 20px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: bottom; width: 1%; height: 20px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: bottom; width: 1%; height: 20px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: bottom; width: 9%; height: 20px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: bottom; width: 1%; height: 20px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: bottom; width: 1%; height: 20px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: bottom; width: 1%; height: 20px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: bottom; width: 9%; height: 20px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: bottom; width: 1%; height: 20px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: bottom; width: 1%; height: 20px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: bottom; width: 1%; height: 20px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: bottom; width: 9%; height: 20px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: bottom; width: 1%; height: 20px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; padding-bottom: 2.25pt; vertical-align: bottom; width: 1%; height: 20px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; border-bottom: 2.25pt double #000000; vertical-align: bottom; width: 1%; height: 20px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">$</font></p>

</td>
<td style="background-color: #cceeff; border-bottom: 2.25pt double #000000; vertical-align: bottom; width: 9%; height: 20px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">42,486,000</font></p>

</td>
<td style="background-color: #cceeff; padding-bottom: 2.25pt; vertical-align: bottom; width: 1%; text-align: right; height: 20px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: bottom; width: 1%; text-align: right; height: 20px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: bottom; width: 1%; text-align: right; height: 20px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: bottom; width: 9%; text-align: right; height: 20px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: bottom; width: 1%; text-align: right; height: 20px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: bottom; width: 1%; text-align: right; height: 20px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: bottom; width: 1%; text-align: right; height: 20px;">
<p style="margin: 0pt; text-align: left;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">$</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: bottom; width: 9%; height: 20px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,271</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: bottom; width: 1%; height: 20px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
</tr>
<tr style="height: 18px;">
<td style="background-color: #ffffff; vertical-align: bottom; width: 16%; height: 18px;">
<p style="margin: 0pt 0pt 0pt 27pt; text-indent: -9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total Fee Offsets</font></p>

</td>
<td style="background-color: #ffffff; vertical-align: bottom; width: 1%; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #ffffff; vertical-align: bottom; width: 1%; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #ffffff; vertical-align: bottom; width: 10%; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #ffffff; vertical-align: bottom; width: 1%; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #ffffff; vertical-align: bottom; width: 1%; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #ffffff; vertical-align: bottom; width: 9%; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #ffffff; vertical-align: bottom; width: 1%; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #ffffff; vertical-align: bottom; width: 1%; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #ffffff; vertical-align: bottom; width: 1%; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #ffffff; vertical-align: bottom; width: 9%; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #ffffff; vertical-align: bottom; width: 1%; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #ffffff; vertical-align: bottom; width: 1%; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #ffffff; vertical-align: bottom; width: 1%; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #ffffff; vertical-align: bottom; width: 9%; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #ffffff; vertical-align: bottom; width: 1%; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #ffffff; vertical-align: bottom; width: 1%; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #ffffff; vertical-align: bottom; width: 1%; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #ffffff; vertical-align: bottom; width: 9%; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #ffffff; vertical-align: bottom; width: 1%; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #ffffff; vertical-align: bottom; width: 1%; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #ffffff; vertical-align: bottom; width: 1%; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #ffffff; vertical-align: bottom; width: 9%; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #ffffff; vertical-align: bottom; width: 1%; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #ffffff; padding-bottom: 0.75pt; vertical-align: bottom; width: 1%; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 9%; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#8212;</font></p>

</td>
<td style="background-color: #ffffff; padding-bottom: 0.75pt; vertical-align: bottom; width: 1%; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
</tr>
<tr style="height: 20px;">
<td style="background-color: #cceeff; vertical-align: bottom; width: 16%; height: 20px;">
<p style="margin: 0pt 0pt 0pt 27pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net Fee Due</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: bottom; width: 1%; height: 20px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: bottom; width: 1%; height: 20px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: bottom; width: 10%; height: 20px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: bottom; width: 1%; height: 20px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: bottom; width: 1%; height: 20px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: bottom; width: 9%; height: 20px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: bottom; width: 1%; height: 20px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: bottom; width: 1%; height: 20px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: bottom; width: 1%; height: 20px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: bottom; width: 9%; height: 20px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: bottom; width: 1%; height: 20px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: bottom; width: 1%; height: 20px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
<td style="background-color: #cceeff; vertical-align: bottom; width: 1%; height: 20px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

</td>
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<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

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<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

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<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

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<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

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<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

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<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

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<td style="background-color: #cceeff; vertical-align: bottom; width: 1%; height: 20px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

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<td style="background-color: #cceeff; vertical-align: bottom; width: 9%; height: 20px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

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<td style="background-color: #cceeff; vertical-align: bottom; width: 1%; height: 20px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

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<td style="background-color: #cceeff; padding-bottom: 2.25pt; vertical-align: bottom; width: 1%; height: 20px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>

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<td style="background-color: #cceeff; border-bottom: 2.25pt double #000000; vertical-align: bottom; width: 1%; height: 20px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">$</font></p>

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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,271</font></p>

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<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 9pt;">&nbsp;</font></p>

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</table>
<p style="margin: 0pt 7.2pt 0pt 25.2pt; text-indent: -25.2pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table style="width: 100%; margin-left: 0.1px; font-family: &quot;times new roman&quot;; font-size: 10pt; height: 202px;">

<tr style="height: 69px;">
<td style="width: 4.00271%; vertical-align: top; height: 69px;" valign="top"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -33.6px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(1)</font></td>
<td style="width: 95.9973%; height: 69px;">
<p><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -33.6px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Pursuant to Rules 457(c) and 457(h) under the Securities Act of 1933, as amended (the &#8220;Securities Act&#8221;), the proposed maximum offering price per share, the proposed maximum aggregate offering price and the amount of the registration fee have been computed on the basis of the average of the high and low prices per share of the Class A<font>&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -33.6px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">common stock, par value $0.01 per share (&#8220;Class A Common Stock&#8221;)</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -33.6px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">,</font><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -33.6px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><font>&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -33.6px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">of<font>&nbsp;</font>Hovnanian<font>&nbsp;</font>Enterprises,<font>&nbsp;</font>Inc. (the &#8220;Company&#8221;) reported on the New York Stock Exchange on<font>&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -33.6px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">May</font><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -33.6px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><font>&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -33.6px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">29</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -33.6px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">, 202</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -33.6px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">4</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -33.6px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">.</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -33.6px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';"><font>&nbsp;</font>There is no established public trading market for the Company&#8217;s Class B<font>&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -33.6px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">common stock</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -33.6px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">,<font>&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -33.6px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">par value $0.01 per share (&#8220;Class B Common Stock&#8221; and, together with the Class A Common Stock, the &#8220;Common Stock&#8221;),<font>&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -33.6px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">and, in order to trade Class B Common Stock, the shares must be converted into Class A Common Stock on a one-for-one basis.</font></p>

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<tr style="height: 10px;">
<td style="width: 4.00271%; vertical-align: top; height: 10px;"><br></td>
<td style="width: 95.9973%; height: 10px;"></td>
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<tr style="height: 34px;">
<td style="width: 4.00271%; vertical-align: top; height: 34px;" valign="top"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -33.6px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(2)</font></td>
<td style="width: 95.9973%; height: 34px;">
<p><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -33.6px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Pursuant to Rule 416(a) under the Securities Act, this<font>&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -33.6px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">registration statement<font>&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -33.6px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">also covers an indeterminate number of additional shares which may be offered and issued under the<font>&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -33.6px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Third</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -33.6px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';"><font>&nbsp;</font>Amended and Restated 2020<font>&nbsp;</font>Hovnanian<font>&nbsp;</font>Enterprises,<font>&nbsp;</font>Inc. Stock Incentive Plan (the &#8220;Plan&#8221;) to prevent dilution resulting from stock splits, stock dividends, anti-dilution provisions or similar transactions.</font></p>

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<tr style="height: 10px;">
<td style="width: 4.00271%; vertical-align: top; height: 10px;"><br></td>
<td style="width: 95.9973%; height: 10px;"></td>
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<tr style="height: 17px;">
<td style="width: 4.00271%; vertical-align: top; height: 17px;" valign="top"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -33.6px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(3)</font></td>
<td style="width: 95.9973%; height: 17px;">
<p><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -33.6px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">The<font>&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -33.6px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">registration statement<font>&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -33.6px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">covers a maximum aggregate of<font>&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -33.6px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">300</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -33.6px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">,000 shares of Class A Common Stock and Class B Common Stock of the Company approved for issuance under the Plan.</font></p>

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<tr style="height: 10px;">
<td style="width: 4.00271%; vertical-align: top; height: 10px;"><br></td>
<td style="width: 95.9973%; height: 10px;"></td>
</tr>
<tr style="height: 52px;">
<td style="width: 4.00271%; vertical-align: top; height: 52px;" valign="top"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -33.6px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(4)</font></td>
<td style="width: 95.9973%; height: 52px;"><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -33.6px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Each share of Common Stock includes an associated<font>&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -33.6px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">preferred stock purchase right (&#8220;</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -33.6px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Preferred Stock Purchase Right</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -33.6px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&#8221;)</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -33.6px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">. Each Preferred Stock Purchase Right initially represents the right, if such Preferred Stock Purchase Right becomes exercisable, to purchase from the Company one ten-thousandth of a share of its Series B Junior Preferred Stock for each share of Common Stock. The Preferred Stock Purchase Rights currently cannot trade separately from the underlying Common Stock and, therefore, do not carry a separate price or necessitate an additional registration fee.</font></td>
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<p style="margin: 0pt 7.2pt 0pt 25.2pt; text-indent: -25.2pt;"><br></p>

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