FIRST AMENDMENT TO INTERCREDITOR AGREEMENT

Exhibit 10.1

FIRST AMENDMENT
TO
INTERCREDITOR AGREEMENT

THIS FIRST AMENDMENT, dated as of October 20, 2009 (the “First Amendment”) to the Intercreditor Agreement (as defined below), is entered into by and among HOVNANIAN ENTERPRISES, INC. (“Hovnanian”), ▇. ▇▇▇▇▇▇▇▇▇ ENTERPRISES, INC. (the “Company”), each of the entities listed on Schedule 1 hereto (each a “Guarantor”), Wilmington Trust Company, as trustee under the First Lien Indenture (as defined below ) (in such capacity, together with its successors and assigns, the “First Lien Trustee”) and collateral agent under the security documents relating to the First Lien Indenture (in such collateral agent capacity, together with its successors and assigns, the “First Lien Collateral Agent”), Wilmington Trust Company, as successor to Deutsche Bank National Trust Company as Trustee under the Indenture (in such capacity, together with its successors and assigns, the “Noteholder Trustee”) and as collateral agent under the Noteholder Collateral Documents (in such collateral agent capacity, together with its successors and assigns, the “Noteholder Collateral Agent”), and Wilmington Trust Company, as collateral agent for the Mortgage Tax Collateral (in such capacity, together with its successors and assigns, the “Mortgage Tax Collateral Agent”) and, solely for the purpose of Section 2(a), PNC Bank National Association as administrative agent and collateral agent under the Original Credit Agreement (as defined below) (in such capacities, the “Original First Lien Agent”).

WHEREAS, Hovnanian, the Company, each other Guarantor, the Original First Lien Agent, the Mortgage Tax Collateral Agent, the Noteholder Trustee and the Noteholder Collateral Agent are parties to the Intercreditor Agreement dated as of May 27, 2008 (the “Intercreditor Agreement);

WHEREAS, the Company, in connection with a replacement and refinancing of the Seventh Amended and Restated Credit Agreement, dated as of March 7, 2008 (as subsequently amended, the “Original Credit Agreement”) has issued 10 5/8% Senior Secured Notes due 2016 under the Indenture dated as of October 20, 2009 (as amended, supplemented, amended and restated or otherwise modified from time to time, the “First Lien Indenture”);

WHEREAS, accordingly, the Original First Lien Agent, effective upon repayment of the obligations under the Original Credit Agreement, wishes to assign its rights and obligations as the “First-Lien Administrative Agent”, “Senior Credit Agent” and “an agent of the Senior Lenders” under the Intercreditor Agreement to Wilmington Trust Company, as First Lien Trustee and First Lien Collateral Agent (in such capacity(ies), together with any successor or assigns, the “First-Lien Administrative Agent” or “Senior Credit Agent”) and Wilmington Trust Company in such capacities wishes to accept such assignment;

WHEREAS, the Company has obtained the required consent from the Holders of the Notes outstanding under the Indenture to effect the amendments set forth in this First Amendment;

WHEREAS, all other acts and proceedings required by law, by the Indenture and by the charter documents of the Company, Hovnanian and the other Guarantors to make this First Amendment a valid and binding agreement for the purposes expressed herein, in accordance with its terms, have been duly done and performed;

NOW, THEREFORE, in consideration of the premises and the covenants and agreements contained herein, and for other good and valuable consideration the receipt of which is hereby acknowledged, the Company, Hovnanian, the other Guarantors, the First Lien Trustee, the First Lien Collateral Agent, the Noteholder Trustee, the Noteholder Collateral Agent, the Mortgage Tax Collateral Agent, and the Original First Lien Agent hereby agree as follows:

Section 1. Definitions.

Any capitalized term used (including those in the recitals), but not otherwise defined, herein shall have the meaning ascribed to it in the Intercreditor Agreement;

Section 2. Assignment and Affirmation of Rights and Obligations.

(a) The Original First Lien Agent hereby assigns, without representation, warranty or recourse, to Wilmington Trust Company as trustee under the First Lien Indenture and collateral agent under the security documents relating to the First Lien Indenture, effective upon repayment of the obligations under the Original Credit Agreement (the “Effective Time”), its rights and obligations as the “First-Lien Administrative Agent”, “Senior Credit Agent” and “an agent of the Senior Lenders” under the Intercreditor Agreement and shall, from the Effective Time, have no further obligations or rights with respect to the Intercreditor Agreement;

(b) Wilmington Trust Company, in its capacities as First Lien Trustee and First Lien Collateral Agent, hereby agrees that effective as of the Effective Time it hereby is, and shall be deemed to be, together with its successors and assigns, the “First-Lien Administrative Agent”, “Senior Credit Agent” and “an agent of the Senior Lenders” under the Intercreditor Agreement and it shall perform, comply with and be subject to and bound by each of the terms and provisions of this Intercreditor Agreement, as amended hereby.

(c) Each of Hovnanian, the Company, the Guarantors, the Noteholder Trustee, the Noteholder Collateral Agent and the Mortgage Tax Collateral Agent

hereby reaffirms and agrees to each of the terms of, and its obligations under, the Intercreditor Agreement, as amended hereby.

(d) Each of the parties hereto further agrees that the replacement and the refinancing of the Original Credit Agreement (and the release of the liens related thereto) shall not be deemed to be a Discharge of Senior Lender Claims for purposes of the Intercreditor Agreement, as amended, and that the First Lien Indenture is within the definition of “Credit Agreement” under the Intercreditor Agreement, as amended.

Section 3. Modifications to the Intercreditor Agreement.

(a) The definition of “Additional Mortgage Collateral” in Section 1(a) of the Intercreditor Agreement is hereby amended and restated in its entirety as follows:

“Additional Mortgaged Collateral” means any real property collateral, with respect to which a lien on and security interest in, was and is required to be granted to the Noteholder Collateral Agent pursuant to Section 4.18(a) and Section 4.18(b) of the Indenture (other than as set forth in Section 4.18(c) of the Indenture).

(b) The definition of “Credit Agreement” in Section 1(a) of the Intercreditor Agreement is hereby amended and restated in its entirety as follows:

“Credit Agreement” means that Indenture, dated as of October 20, 2009, among the Company, Hovnanian, the other Grantors party thereto, and Wilmington Trust Company, as trustee, as it may be amended, restated, supplemented, renewed, modified, refunded, replaced, revised, restructured or refinanced in whole or in part from time to time, and if at any time a Discharge of Senior Lender Claims occurs with respect to the Credit Agreement, then the term “Credit Agreement” shall mean the Future First-Lien Indebtedness designated by the Company.

(c) The definition of “First-Lien Indebtedness” in Section 1(a) of the Intercreditor Agreement is hereby amended by replacing “$300,000,000” with “$800,000,000”;

(d) The definition of “Initial Mortgage Collateral” in Section 1(a) of the Intercreditor Agreement is hereby amended and restated in its entirety as follows:

“Initial Mortgaged Collateral” means any real property collateral, with respect to which a lien on and security interest in, was required to have been granted to the Noteholder Collateral Agent pursuant to Section 4.18(c)(i) of the Indenture by July 31, 2008, which date may have been extended for up to 60 days as described in such Section 4.18(c)(i);

(e) Section 2.5 of the Intercreditor Agreement is hereby amended by adding to the end thereof the phrase “; provided, however, that so long as there is no prohibition in the Credit Agreement on incurrence of Third-Lien Obligations in excess of $700,000,000, the First Lien Administrative Agent, the Senior Credit Agent and the Mortgage Tax Collateral Agent (acting on behalf of the Senior Lenders), for itself and on behalf of each of the Senior Lenders, authorizes the Company to incur Third-Lien Obligations in excess of $700,000,000, to the extent otherwise in compliance with the provisions of this Section 2.5, the Credit Agreement and to the extent the Noteholder Trustee, the Noteholder Collateral Agent and the Mortgage Tax Collateral Agent (acting on behalf of the Noteholders) consent to such incurrence.”

(f) The upper-case “Collateral” as it appears in Section 5.6 before the words “shall also be subject to a Lien in favor of the Senior Lenders” shall be changed to lower-case “collateral”;

(g) For each appearance in Section 5.7(c) of the capitalized term “Collateral” (other than as part of a multi-word defined term) or the capitalized term “Additional Collateral”, substitute “Common Collateral” for such term; and

(h) Section 6.1(a)(ii) of the Intercreditor Agreement is hereby amended by deleting the phrase: “and the aggregate principal amount of the DIP Financing together with the aggregate principal amount of the First-Lien Indebtedness does not exceed $400 million”.

Section 4. Designations.

For all purposes of the Intercreditor Agreement (as amended hereby) and the Indenture, the Company hereby designates the Indebtedness incurred pursuant to the First Lien Indenture as First-Lien Indebtedness.

Section 5. First Lien Administrative Agent.

It is understood and agreed that Wilmington Trust Company is entering into this First Amendment in its capacity as First Lien Trustee under the First Lien Indenture and First Lien Collateral Agent under the security documents relating to the First Lien Indenture and the provisions of Article 7 of the First Lien Indenture applicable to the Trustee thereunder shall also apply to Wilmington Trust Company in its capacities as First-Lien Administrative Agent, Senior Credit Agent and “an agent of the Senior Lenders”.

Section 6. Effectiveness.

This First Amendment will become effective immediately upon its execution and delivery.

Section 7. Governing Law.

This First Amendment shall be governed by, and construed in accordance with, the laws of the State of New York.

Section 8. Binding on Successors and Assigns.

This First Amendment shall be binding upon the First-Lien Administrative Agent, the Senior Credit Agent, the Senior Lenders, the Mortgage Tax Collateral Agent, the Trustee, the Noteholder Collateral Agent, the Noteholders, Hovnanian, the Company, the Guarantors, the Original First Lien Agent and their respective permitted successors and assigns.

Section 9. Section Titles.

The section titles contained in this First Amendment are and shall be without substantive meaning or content of any kind whatsoever and are not a part of this Agreement.

Section 10. Counterparts; Telecopy Signatures.

This First Amendment may be signed in any number of counterparts each of which shall be an original, but all of which together shall constitute one and the same instrument; and, delivery of executed signature pages hereof by telecopy transmission, or other electronic transmission in pdf or similar format, from one party to another shall constitute effective and binding execution and delivery of this First Amendment by such party.

Section 11. Authorization.

By its signature, each Person executing this First Amendment on behalf of a party hereto represents and warrants to the other parties hereto that it is duly authorized to execute this First Amendment.

[REMAINDER OF PAGE LEFT BLANK INTENTIONALLY]

IN WITNESS WHEREOF, each of the undersigned has caused this First Amendment to be duly executed and delivered as of the date first above written.

SCHEDULE 1

Auddie Enterprises, L.L.C.
Builder Services NJ, L.L.C.
Builder Services NY, L.L.C.
Builder Services PA, L.L.C.
Dulles Coppermine, L.L.C.
EASTERN TITLE AGENCY, INC.
F&W MECHANICAL SERVICES, L.L.C.
Founders Title Agency of Maryland, L.L.C.
FOUNDERS TITLE AGENCY, INC.
Governor’s Abstract Co., Inc.
Homebuyers Financial Services, L.L.C.
HOVNANIAN DEVELOPMENTS OF FLORIDA, INC.
Hovnanian Land Investment Group of California, L.L.C.
HOVNANIAN LAND INVESTMENT GROUP OF FLORIDA, L.L.C.
Hovnanian Land Investment Group of Georgia, L.L.C.
Hovnanian Land Investment Group of Maryland, L.L.C.
Hovnanian Land Investment Group of New Jersey, L.L.C.
Hovnanian Land Investment Group of North Carolina, L.L.C.
Hovnanian Land Investment Group of Pennsylvania, L.L.C.
Hovnanian Land Investment Group of Texas LLC
Hovnanian Land Investment Group of Virginia, L.L.C.
Hovnanian Land Investment Group, L.L.C.
K. H. San Marcos Conservancy Holdings, L.L.C.
K. HOV INTERNATIONAL, INC.
K. HOV IP, II, Inc.
K. HOV IP, INC.
▇. ▇▇▇▇▇▇▇▇▇ Acquisitions, Inc.
▇. ▇▇▇▇▇▇▇▇▇ at 4S, LLC

▇. ▇▇▇▇▇▇▇▇▇ at Acqua Vista, LLC
▇. ▇▇▇▇▇▇▇▇▇ at Aliso, LLC
▇. ▇▇▇▇▇▇▇▇▇ at Allenberry, L.L.C.
K. Hovnanian at Allentown, L.L.C.
K. Hovnanian at Almond Estates, LLC
▇. ▇▇▇▇▇▇▇▇▇ at Arbor Heights, LLC
▇. ▇▇▇▇▇▇▇▇▇ AT AVENUE ONE, L.L.C.
K. Hovnanian at Bakersfield 463, L.L.C.
K. Hovnanian at Barnegat I, L.L.C.
K. Hovnanian at Barnegat II, L.L.C.
K. Hovnanian at Bella Lago, LLC
▇. ▇▇▇▇▇▇▇▇▇ at Berkeley, L.L.C.
K. Hovnanian at Bernards IV, Inc.
▇. ▇▇▇▇▇▇▇▇▇ at ▇▇▇▇▇▇▇▇ V, L.L.C.
K. Hovnanian at Blue Heron Pines, L.L.C.
K. HOVNANIAN AT BRANCHBURG III, INC.
▇. ▇▇▇▇▇▇▇▇▇ at Bridgeport, Inc.
▇. ▇▇▇▇▇▇▇▇▇ at Bridgewater I, L.L.C.
K. Hovnanian at Bridgewater VI, Inc.
▇. ▇▇▇▇▇▇▇▇▇ at Broad and Walnut, L.L.C.
K. Hovnanian at Burlington III, Inc.
▇. ▇▇▇▇▇▇▇▇▇ AT BURLINGTON, INC.
▇. ▇▇▇▇▇▇▇▇▇ at Calabria, Inc.
▇. ▇▇▇▇▇▇▇▇▇ at Camden I, L.L.C.
K. Hovnanian at ▇▇▇▇▇▇▇ ▇▇▇▇▇, Inc.
▇. ▇▇▇▇▇▇▇▇▇ AT CAMP HILL, L.L.C.
K. HOVNANIAN AT CAPISTRANO, L.L.C.
K. Hovnanian at Carmel Del Mar, Inc.
▇. ▇▇▇▇▇▇▇▇▇ at Carmel Village, LLC

▇. ▇▇▇▇▇▇▇▇▇ at Castile, Inc.
▇. ▇▇▇▇▇▇▇▇▇ at Cedar Grove III, L.L.C.
K. Hovnanian at Cedar Grove IV, L.L.C.
K. Hovnanian at Chaparral, Inc.
▇. ▇▇▇▇▇▇▇▇▇ at Charter Way, LLC
▇. ▇▇▇▇▇▇▇▇▇ at ▇▇▇▇▇▇▇ I, L.L.C.
K. Hovnanian at Chesterfield, L.L.C.
K. Hovnanian at Cielo, L.L.C.
K. HOVNANIAN AT CLARKSTOWN, INC.
▇. ▇▇▇▇▇▇▇▇▇ at ▇▇▇▇▇▇▇ ▇▇, L.L.C.
K. Hovnanian at ▇▇▇▇▇▇▇, L.L.C.
K. Hovnanian at Coastline, L.L.C.
K. Hovnanian at ▇▇▇▇▇▇ ▇▇▇▇, LLC
▇. ▇▇▇▇▇▇▇▇▇ at Cranbury, L.L.C.
K. Hovnanian at Crestline, Inc.
▇. ▇▇▇▇▇▇▇▇▇ at Curries ▇▇▇▇▇, L.L.C.
K. Hovnanian at Denville, L.L.C.
K. Hovnanian at Deptford Township, L.L.C.
K. Hovnanian at ▇▇▇▇▇▇▇▇▇ Hills, Inc.
▇. ▇▇▇▇▇▇▇▇▇ at Dover, L.L.C.
K. Hovnanian at East Brandywine, L.L.C.
K. Hovnanian At East Whiteland I, Inc.
▇. ▇▇▇▇▇▇▇▇▇ at Eastlake, LLC
▇. ▇▇▇▇▇▇▇▇▇ at Edgewater II, L.L.C.
K. Hovnanian at Edgewater, L.L.C.
K. Hovnanian at Egg Harbor Township II, L.L.C.
K. Hovnanian at Egg Harbor Township, L.L.C.
K. Hovnanian at El Dorado Ranch II, L.L.C.
K. Hovnanian at El Dorado Ranch, L.L.C.

▇. ▇▇▇▇▇▇▇▇▇ at Elk Township, L.L.C.
K. Hovnanian at Encinitas Ranch, LLC
▇. ▇▇▇▇▇▇▇▇▇ at Evergreen, L.L.C.
K. Hovnanian at ▇▇▇▇▇, L.L.C.
K. Hovnanian at ▇▇▇▇▇▇▇▇▇ Ranch, LLC
▇. ▇▇▇▇▇▇▇▇▇ at Fifth Avenue, L.L.C.
K. Hovnanian at ▇▇▇▇▇▇▇▇ I, L.L.C.
K. Hovnanian at ▇▇▇▇▇▇▇▇ ▇▇, L.L.C.
K. Hovnanian at Forest ▇▇▇▇▇▇▇, L.L.C.
K. HOVNANIAN AT FORKS TWP. I, L.L.C.
K. Hovnanian at Franklin, L.L.C.
K. Hovnanian at Freehold Township I, Inc.
▇. ▇▇▇▇▇▇▇▇▇ at Freehold Township, L.L.C.
K. Hovnanian at Fresno, LLC
▇. ▇▇▇▇▇▇▇▇▇ at ▇▇▇▇▇▇▇▇, L.L.C.
K. HOVNANIAN AT GASLAMP SQUARE, L.L.C.
K. Hovnanian at Great Notch, L.L.C.
K. Hovnanian at ▇▇▇▇▇▇▇, LLC
▇. ▇▇▇▇▇▇▇▇▇ at ▇▇▇▇▇▇▇▇▇▇, L.L.C.
K. Hovnanian at Hackettstown II, L.L.C.
K. Hovnanian at Hackettstown, Inc.
▇. ▇▇▇▇▇▇▇▇▇ at Hamburg Contractors, L.L.C.
K. Hovnanian at Hamburg, L.L.C.
K. Hovnanian at Hawthorne, L.L.C.
K. Hovnanian at Hazlet, L.L.C.
K. Hovnanian at Hershey’s Mill, Inc.
▇. ▇▇▇▇▇▇▇▇▇ AT HIGHLAND SHORES, L.L.C.
K. Hovnanian at Highland Vineyards, Inc.
▇. ▇▇▇▇▇▇▇▇▇ at Hilltop, L.L.C.

▇. ▇▇▇▇▇▇▇▇▇ at Hopewell IV, Inc.
▇. ▇▇▇▇▇▇▇▇▇ at Hopewell VI, Inc.
▇. ▇▇▇▇▇▇▇▇▇ at ▇▇▇▇▇▇ Township, Inc.
▇. ▇▇▇▇▇▇▇▇▇ AT ▇▇▇▇▇▇ POINTE, L.L.C.
K. Hovnanian at ▇▇▇▇▇▇▇ I, L.L.C.
K. Hovnanian at ▇▇▇▇▇▇▇, L.L.C.
K. Hovnanian at ▇▇▇▇▇▇ Ranch, LLC
▇. ▇▇▇▇▇▇▇▇▇ at Jersey City IV, L.L.C.
K. Hovnanian at Jersey City V Urban Renewal Company, L.L.C.
K. Hovnanian at Keyport, L.L.C.
K. Hovnanian at King Farm, L.L.C.
K. Hovnanian at Kings Grant I, Inc.
▇. ▇▇▇▇▇▇▇▇▇ at ▇▇ ▇▇▇▇▇ Greens, L.L.C.
K. Hovnanian at La Costa, LLC
▇. ▇▇▇▇▇▇▇▇▇ at La Habra Knolls, LLC
▇. ▇▇▇▇▇▇▇▇▇ at La Laguna, L.L.C.
K. Hovnanian at La Terraza, Inc.
▇. ▇▇▇▇▇▇▇▇▇ At Lafayette Estates, L.L.C.
K. Hovnanian at Lake Rancho Viejo, LLC
▇. ▇▇▇▇▇▇▇▇▇ at Lake Ridge Crossing, L.L.C.
K. Hovnanian at Lake Terrapin, L.L.C.
K. Hovnanian at Lakewood, Inc.
▇. ▇▇▇▇▇▇▇▇▇ at Landmark, LLC
▇. ▇▇▇▇▇▇▇▇▇ at LaPaz, LLC
▇. ▇▇▇▇▇▇▇▇▇ at Larkspur, LLC
▇. ▇▇▇▇▇▇▇▇▇ at ▇▇▇▇▇▇▇▇ V, L.L.C.
K. Hovnanian at ▇▇▇ Square, L.L.C.
K. Hovnanian at ▇▇▇▇▇▇▇, L.L.C.
K. Hovnanian at Little Egg Harbor Contractors, L.L.C.

▇. ▇▇▇▇▇▇▇▇▇ at Little Egg Harbor III, L.L.C.
K. Hovnanian at Little Egg Harbor Township II, L.L.C.
K. Hovnanian at Little Egg Harbor, L.L.C
▇. ▇▇▇▇▇▇▇▇▇ at Live Oak II, LLC
▇. ▇▇▇▇▇▇▇▇▇ at Long Branch I, L.L.C.
K. Hovnanian at Lower Macungie Township I, L.L.C.
K. Hovnanian at Lower Macungie Township II, L.L.C.
K. Hovnanian at Lower Makefield Township I, L.L.C.
K. Hovnanian at Lower ▇▇▇▇▇▇▇▇ I, L.L.C.
K. Hovnanian at Lower Moreland II, L.L.C.
K. Hovnanian at Lower ▇▇▇▇▇▇▇▇ III, L.L.C.
K. Hovnanian at Lower Saucon, Inc.
▇. ▇▇▇▇▇▇▇▇▇ at Macungie, L.L.C.
K. HOVNANIAN AT MAHWAH II, INC.
▇. ▇▇▇▇▇▇▇▇▇ at Mahwah VI, Inc.
▇. ▇▇▇▇▇▇▇▇▇ at Mahwah VII, Inc.
▇. ▇▇▇▇▇▇▇▇▇ at ▇▇▇▇▇ Park, L.L.C.
K. Hovnanian at Manalapan III, L.L.C.
K. Hovnanian at Manalapan, Inc.
▇. ▇▇▇▇▇▇▇▇▇ at Mansfield I, L.L.C.
K. Hovnanian at Mansfield II, L.L.C.
K. Hovnanian at Mansfield III, L.L.C.
K. Hovnanian at Maple Avenue, L.L.C.
K. Hovnanian at Marlboro II, Inc.
▇. ▇▇▇▇▇▇▇▇▇ at Marlboro Township III, Inc.
▇. ▇▇▇▇▇▇▇▇▇ at Marlboro Township IV, Inc.
▇. ▇▇▇▇▇▇▇▇▇ at Marlboro Township IX, L.L.C.
K. Hovnanian at Marlboro Township V, L.L.C.
K. Hovnanian at Marlboro Township VIII, L.L.C.

▇. ▇▇▇▇▇▇▇▇▇ at Marlboro VI, L.L.C.
K. Hovnanian at Marlboro VII, L.L.C.
K. Hovnanian at Matsu, L.L.C.
K. Hovnanian at ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇, LLC
▇. ▇▇▇▇▇▇▇▇▇ at Mendham Township, L.L.C.
K. Hovnanian at Menifee, LLC
▇. ▇▇▇▇▇▇▇▇▇ at Middle Township II, L.L.C.
K. Hovnanian at Middle Township, L.L.C.
K. Hovnanian at Middletown II, L.L.C.
K. Hovnanian at Middletown, L.L.C.
K. Hovnanian at Millville I, L.L.C.
K. Hovnanian at Millville II, L.L.C.
K. HOVNANIAN AT ▇▇▇▇▇▇ ▇▇, INC.
▇. ▇▇▇▇▇▇▇▇▇ at ▇▇▇▇▇▇ III, L.L.C.
K. Hovnanian at ▇▇▇▇▇▇ ▇▇, L.L.C.
K. Hovnanian at Monroe NJ, L.L.C.
K. Hovnanian at ▇▇▇▇▇▇▇▇▇▇ I, Inc.
▇. ▇▇▇▇▇▇▇▇▇ at Montvale, L.L.C.
K. Hovnanian at Mosaic, LLC
▇. ▇▇▇▇▇▇▇▇▇ at Mt. Olive Township, L.L.C.
K. Hovnanian at Muirfield, LLC
▇. ▇▇▇▇▇▇▇▇▇ AT NEW BRUNSWICK URBAN RENEWAL, L.L.C.
K. Hovnanian at New Windsor, L.L.C.
K. Hovnanian at North Bergen. L.L.C.
K. HOVNANIAN AT NORTH BRUNSWICK VI, L.L.C.
K. Hovnanian at North ▇▇▇▇▇▇▇▇ II, L.L.C.
K. Hovnanian at North ▇▇▇▇▇▇▇▇ III, L.L.C.
K. Hovnanian at North ▇▇▇▇▇▇▇▇, L.L.C.
K. Hovnanian at North Haledon, L.L.C.

▇. ▇▇▇▇▇▇▇▇▇ at North Wildwood, L.L.C.
K. Hovnanian at Northampton. L.L.C.
K. HOVNANIAN AT NORTHERN WESTCHESTER, INC.
▇. ▇▇▇▇▇▇▇▇▇ at Northfield, L.L.C.
K. Hovnanian at Northlake, Inc.
▇. ▇▇▇▇▇▇▇▇▇ at Ocean Township, Inc.
▇. ▇▇▇▇▇▇▇▇▇ AT OCEAN WALK, INC.
▇. ▇▇▇▇▇▇▇▇▇ at Oceanport, L.L.C.
K. Hovnanian at Old Bridge, L.L.C.
K. Hovnanian at Olde Orchard, LLC
▇. ▇▇▇▇▇▇▇▇▇ at Pacific Bluffs, LLC
▇. ▇▇▇▇▇▇▇▇▇ at Paramus, L.L.C.
K. Hovnanian at Park Lane, LLC
▇. ▇▇▇▇▇▇▇▇▇ at Parkside, LLC
▇. ▇▇▇▇▇▇▇▇▇ at Parsippany-▇▇▇▇ Hills, L.L.C.
K. Hovnanian at Perkiomen I, Inc.
▇. ▇▇▇▇▇▇▇▇▇ at Perkiomen II, Inc.
▇. ▇▇▇▇▇▇▇▇▇ at Philadelphia II, L.L.C.
K. Hovnanian at Philadelphia III, L.L.C.
K. Hovnanian at Philadelphia IV, L.L.C.
K. Hovnanian at Piazza D’Oro, L.L.C.
K. Hovnanian at ▇▇▇▇▇▇ ▇▇▇▇▇▇, L.L.C
▇. ▇▇▇▇▇▇▇▇▇ at Pittsgrove, L.L.C.
K. HOVNANIAN AT PORT IMPERIAL URBAN RENEWAL IV, L.L.C.
K. HOVNANIAN AT PORT IMPERIAL URBAN RENEWAL V, L.L.C.
K. HOVNANIAN AT PORT IMPERIAL URBAN RENEWAL VI, L.L.C.
K. HOVNANIAN AT PORT IMPERIAL URBAN RENEWAL VII, L.L.C.
K. HOVNANIAN AT PORT IMPERIAL URBAN RENEWAL VIII, L.L.C.
K. Hovnanian at ▇▇▇▇▇, L.L.C.

▇. ▇▇▇▇▇▇▇▇▇ at Rancho Cristianitos, Inc.
▇. ▇▇▇▇▇▇▇▇▇ at Rancho Santa ▇▇▇▇▇▇▇▇▇, LLC
▇. ▇▇▇▇▇▇▇▇▇ at ▇▇▇▇▇▇▇▇ I, L.L.C.
K. HOVNANIAN AT RAPHO, L.L.C
▇. ▇▇▇▇▇▇▇▇▇ at Readington II, L.L.C.
K. Hovnanian at Red Bank, L.L.C.
K. Hovnanian at Reservoir Ridge, Inc.
▇. ▇▇▇▇▇▇▇▇▇ at Ridgemont, L.L.C.
K. Hovnanian at Ridgestone, L.L.C.
K. Hovnanian at Riverbend, LLC
▇. ▇▇▇▇▇▇▇▇▇ at Rivercrest, LLC
▇. ▇▇▇▇▇▇▇▇▇ at Roderuck, L.L.C.
K. HOVNANIAN AT ▇▇▇▇▇▇▇▇ LANTANA, L.L.C.
K. Hovnanian at ▇▇▇▇▇▇▇ Heights, LLC
▇. ▇▇▇▇▇▇▇▇▇ at Sage, L.L.C.
K. Hovnanian at San Sevaine, Inc.
▇. ▇▇▇▇▇▇▇▇▇ at Santa Nella, LLC
▇. ▇▇▇▇▇▇▇▇▇ at Saratoga, Inc.
▇. ▇▇▇▇▇▇▇▇▇ at Sawmill, Inc.
▇. ▇▇▇▇▇▇▇▇▇ at Sayreville, L.L.C.
K. HOVNANIAN AT SCOTCH PLAINS II, INC.
▇. ▇▇▇▇▇▇▇▇▇ at Scotch Plains, L.L.C.
K. Hovnanian at Sierra Estates, LLC
▇. ▇▇▇▇▇▇▇▇▇ at Silver Spring, L.L.C.
K. Hovnanian at Skye Isle, LLC
▇. ▇▇▇▇▇▇▇▇▇ at Smithville III, L.L.C.
K. Hovnanian at Smithville, Inc.
▇. ▇▇▇▇▇▇▇▇▇ at ▇▇▇▇▇▇ Point, L.L.C.
K. Hovnanian at South Brunswick V, Inc.

▇. ▇▇▇▇▇▇▇▇▇ at South Brunswick, L.L.C.
K. Hovnanian at Sparta, L.L.C.
K. HOVNANIAN AT SPRINGCO, L.L.C.
K. Hovnanian at Stone Canyon, Inc.
▇. ▇▇▇▇▇▇▇▇▇ AT STONY POINT, INC.
▇. ▇▇▇▇▇▇▇▇▇ at Sunsets, LLC
▇. ▇▇▇▇▇▇▇▇▇ at Sycamore, Inc.
▇. ▇▇▇▇▇▇▇▇▇ at Tannery Hill, Inc.
▇. ▇▇▇▇▇▇▇▇▇ at Teaneck, L.L.C.
K. Hovnanian at The Bluff, Inc.
▇. ▇▇▇▇▇▇▇▇▇ at The ▇▇▇▇▇▇, LLC
▇. ▇▇▇▇▇▇▇▇▇ at The Gables, LLC
▇. ▇▇▇▇▇▇▇▇▇ at The Monarch, L.L.C.
K. Hovnanian at The Preserve, LLC
▇. ▇▇▇▇▇▇▇▇▇ at ▇▇▇▇▇▇▇▇ Ranch, LLC
▇. ▇▇▇▇▇▇▇▇▇ at Thornbury, Inc.
▇. ▇▇▇▇▇▇▇▇▇ at Tierrasanta, Inc.
▇. ▇▇▇▇▇▇▇▇▇ at Trail Ridge, LLC
▇. ▇▇▇▇▇▇▇▇▇ at Trenton, L.L.C.
K. Hovnanian at Trovata, Inc.
▇. ▇▇▇▇▇▇▇▇▇ at Union Township I, Inc.
▇. ▇▇▇▇▇▇▇▇▇ at Union Township II, L.L.C.
K. Hovnanian at Upper Freehold Township I, Inc.
▇. ▇▇▇▇▇▇▇▇▇ at Upper Freehold Township II, L.L.C.
K. Hovnanian at Upper Freehold Township III, L.L.C.
K. Hovnanian at Upper Makefield I, Inc.
▇. ▇▇▇▇▇▇▇▇▇ at Upper Uwchlan II, L.L.C.
K. Hovnanian at Upper Uwchlan, L.L.C.
K. Hovnanian at Vail Ranch, Inc.

▇. ▇▇▇▇▇▇▇▇▇ at ▇▇▇▇▇ Del Sol, LLC
▇. ▇▇▇▇▇▇▇▇▇ AT VERONA URBAN RENEWAL, L.L.C.
K. Hovnanian at Victorville, L.L.C.
K. HOVNANIAN AT VINELAND, L.L.C.
K. Hovnanian at Vista Del Sol, L.L.C.
K. Hovnanian at Wall Township VI, Inc.
▇. ▇▇▇▇▇▇▇▇▇ at Wall Township VIII, Inc.
▇. ▇▇▇▇▇▇▇▇▇ at Wanaque, L.L.C.
K. Hovnanian at ▇▇▇▇▇▇ Township, L.L.C.
K. Hovnanian at Washington, L.L.C.
K. HOVNANIAN AT WASHINGTONVILLE, INC.
▇. ▇▇▇▇▇▇▇▇▇ at ▇▇▇▇▇ III, Inc.
▇. ▇▇▇▇▇▇▇▇▇ at ▇▇▇▇▇ IX, L.L.C.
K. Hovnanian at ▇▇▇▇▇ V, Inc.
▇. ▇▇▇▇▇▇▇▇▇ AT ▇▇▇▇▇, VIII, L.L.C.
K. Hovnanian at West Bradford, L.L.C.
K. Hovnanian at West Milford, L.L.C.
K. Hovnanian at West View Estates, L.L.C.
K. Hovnanian at West Windsor, L.L.C.
K. Hovnanian at Westshore, LLC
▇. ▇▇▇▇▇▇▇▇▇ at ▇▇▇▇▇▇▇ Ranch, LLC
▇. ▇▇▇▇▇▇▇▇▇ at Wildrose, Inc.
▇. ▇▇▇▇▇▇▇▇▇ at Wildwood Bayside, L.L.C.
K. Hovnanian at Willow Brook, L.L.C.
K. HOVNANIAN AT WINCHESTER, LLC
▇. ▇▇▇▇▇▇▇▇▇ at Woodcreek West, LLC
▇. ▇▇▇▇▇▇▇▇▇ at Woodhill Estates, L.L.C.
K. Hovnanian at Woolwich I, L.L.C.
K. Hovnanian Cambridge Homes, L.L.C.

▇. ▇▇▇▇▇▇▇▇▇ CENTRAL ACQUISITIONS, L.L.C.
K. Hovnanian Classics CIP, L.L.C.
K. Hovnanian Classics, L.L.C.
K. Hovnanian Communities, Inc.
▇. ▇▇▇▇▇▇▇▇▇ Companies Metro D.C. North, L.L.C.
K. Hovnanian Companies Northeast, Inc.
▇. ▇▇▇▇▇▇▇▇▇ Companies of California, Inc.
▇. ▇▇▇▇▇▇▇▇▇ COMPANIES OF MARYLAND, INC.
▇. ▇▇▇▇▇▇▇▇▇ COMPANIES OF NEW YORK, INC.
▇. ▇▇▇▇▇▇▇▇▇ Companies of Pennsylvania, Inc.
▇. ▇▇▇▇▇▇▇▇▇ Companies of Southern California, Inc.
▇. ▇▇▇▇▇▇▇▇▇ Companies of Virginia, Inc.
▇. ▇▇▇▇▇▇▇▇▇ Companies, LLC
▇. ▇▇▇▇▇▇▇▇▇ Connecticut Acquisitions, L.L.C.
K. Hovnanian Construction II, Inc
▇. ▇▇▇▇▇▇▇▇▇ Construction III, Inc
▇. ▇▇▇▇▇▇▇▇▇ Construction Management, Inc.
▇. ▇▇▇▇▇▇▇▇▇ CraftBuilt Homes of South Carolina, L.L.C.
K. Hovnanian Delaware Acquisitions, L.L.C.
K. HOVNANIAN DEVELOPMENTS OF ARIZONA, INC.
▇. ▇▇▇▇▇▇▇▇▇ Developments of California, Inc.
▇. ▇▇▇▇▇▇▇▇▇ Developments of Connecticut, Inc.
▇. ▇▇▇▇▇▇▇▇▇ DEVELOPMENTS OF D.C., INC.
▇. ▇▇▇▇▇▇▇▇▇ DEVELOPMENTS OF DELAWARE, INC.
▇. ▇▇▇▇▇▇▇▇▇ Developments of Georgia, Inc.
▇. ▇▇▇▇▇▇▇▇▇ Developments of Illinois, Inc.
▇. ▇▇▇▇▇▇▇▇▇ Developments of Indiana, Inc.
▇. ▇▇▇▇▇▇▇▇▇ Developments of Kentucky, Inc.
▇. ▇▇▇▇▇▇▇▇▇ DEVELOPMENTS OF MARYLAND, INC.

▇. ▇▇▇▇▇▇▇▇▇ Developments of Michigan, Inc.
▇. ▇▇▇▇▇▇▇▇▇ Developments of Minnesota, Inc.
▇. ▇▇▇▇▇▇▇▇▇ Developments of New Jersey II, Inc.
▇. ▇▇▇▇▇▇▇▇▇ Developments of New Jersey, Inc.
▇. ▇▇▇▇▇▇▇▇▇ DEVELOPMENTS OF NEW YORK, INC.
▇. ▇▇▇▇▇▇▇▇▇ Developments of North Carolina, Inc.
▇. ▇▇▇▇▇▇▇▇▇ Developments of Ohio, Inc.
▇. ▇▇▇▇▇▇▇▇▇ Developments of Pennsylvania, Inc.
▇. ▇▇▇▇▇▇▇▇▇ Developments of South Carolina, Inc.
▇. ▇▇▇▇▇▇▇▇▇ Developments of Texas, Inc.
▇. ▇▇▇▇▇▇▇▇▇ Developments of Virginia, Inc.
▇. ▇▇▇▇▇▇▇▇▇ Developments of West Virginia, Inc.
▇. ▇▇▇▇▇▇▇▇▇ Eastern Pennsylvania, L.L.C.
K. HOVNANIAN FIRST HOMES, L.L.C.
K. Hovnanian Florida Realty, L.L.C.
K. Hovnanian Forecast Homes Northern, Inc.
▇. ▇▇▇▇▇▇▇▇▇ Four Seasons @ Historic Virginia, LLC
▇. ▇▇▇▇▇▇▇▇▇ Four Seasons at Gold Hill, LLC
▇. ▇▇▇▇▇▇▇▇▇ GREAT WESTERN BUILDING COMPANY, LLC
▇. ▇▇▇▇▇▇▇▇▇ GREAT WESTERN HOMES, LLC
▇. ▇▇▇▇▇▇▇▇▇ Holdings NJ, L.L.C.
K. Hovnanian Homes — DFW, L.L.C.
K. Hovnanian Homes at Cameron Station, LLC
▇. ▇▇▇▇▇▇▇▇▇ Homes at Camp Springs, L.L.C.
K. Hovnanian Homes at Fairwood, L.L.C.
K. Hovnanian Homes at Forest Run, L.L.C.
K. Hovnanian Homes at Greenway Farm Park Towns, L.L.C.
K. Hovnanian Homes at Greenway Farm, L.L.C.
K. Hovnanian Homes at ▇▇▇▇▇ Station 1, L.L.C.

▇. ▇▇▇▇▇▇▇▇▇ Homes at ▇▇▇▇▇ Station 2, L.L.C.
K. Hovnanian Homes at ▇▇▇▇▇▇▇ Place, L.L.C.
K. HOVNANIAN HOMES AT ▇▇▇▇▇ STREET, L.L.C.
K. Hovnanian Homes at Primera, L.L.C.
K. Hovnanian Homes at Renaissance Plaza, L.L.C.
K. Hovnanian Homes at ▇▇▇▇▇▇▇, L.L.C.
K. Hovnanian Homes of D.C., L.L.C.
K. HOVNANIAN HOMES OF DELAWARE, L.L.C.
K. Hovnanian Homes of Georgia, L.L.C.
K. Hovnanian Homes of Houston, L.L.C.
K. Hovnanian Homes of Indiana, L.L.C.
K. Hovnanian Homes of Maryland, L.L.C.
K. Hovnanian Homes of Minnesota, L.L.C.
K. HOVNANIAN HOMES OF NORTH CAROLINA, INC.
▇. ▇▇▇▇▇▇▇▇▇ HOMES OF PENNSYLVANIA, L.L.C.
K. Hovnanian Homes of South Carolina, LLC
▇. ▇▇▇▇▇▇▇▇▇ Homes of Virginia, Inc.
▇. ▇▇▇▇▇▇▇▇▇ Homes of West Virginia, L.L.C.
K. Hovnanian North Central Acquisitions, L.L.C.
K. Hovnanian North Jersey Acquisitions, L.L.C.
K. Hovnanian Northeast Services, L.L.C.
K. Hovnanian of Houston II, L.L.C.
K. Hovnanian Ohio Realty, L.L.C.
K. HOVNANIAN OSTER HOMES, L.L.C.
K. Hovnanian PA Real Estate, Inc.
▇. ▇▇▇▇▇▇▇▇▇ Pennsylvania Acquisitions, L.L.C.
K. Hovnanian Port Imperial Urban Renewal, Inc.
▇. ▇▇▇▇▇▇▇▇▇ Properties of Red Bank, Inc.
▇. ▇▇▇▇▇▇▇▇▇ Shore Acquisitions, L.L.C.

▇. ▇▇▇▇▇▇▇▇▇ South Jersey Acquisitions, L.L.C.
K. Hovnanian Southern New Jersey, L.L.C.
K. HOVNANIAN STANDING ENTITY, L.L.C.
K. Hovnanian Summit Holdings, L.L.C.
K. Hovnanian Summit Homes of Kentucky, L.L.C.
K. Hovnanian Summit Homes of Michigan, L.L.C.
K. Hovnanian Summit Homes of Pennsylvania, L.L.C.
K. Hovnanian Summit Homes of West Virginia, L.L.C.
K. Hovnanian Summit Homes, L.L.C.
K. Hovnanian T&C Homes at Florida, L.L.C.
K. Hovnanian T&C Homes at Illinois, L.L.C.
K. Hovnanian T&C Homes at Minnesota, L.L.C.
K. HOVNANIAN T&C INVESTMENT, L.L.C.
K. Hovnanian T&C Management Co., L.L.C.
K. Hovnanian Venture I, L.L.C.
K. HOVNANIAN WINDWARD HOMES, LLC
▇. ▇▇▇▇▇▇▇▇▇’▇ Four Seasons at Ashburn Village, L.L.C.
K. Hovnanian’s Four Seasons at ▇▇▇▇▇▇’▇ ▇▇▇▇▇, L.L.C.
K. HOVNANIAN’S FOUR SEASONS AT BAKERSFIELD, L.L.C.
K. Hovnanian’s Four Seasons at Beaumont, LLC
▇. ▇▇▇▇▇▇▇▇▇’▇ FOUR SEASONS AT CHARLOTTESVILLE, L.L.C.
K. Hovnanian’s Four Seasons at Dulles Discovery Condominium, L.L.C.
K. Hovnanian’s Four Seasons at Dulles Discovery, L.L.C.
K. Hovnanian’s Four Seasons at Hamptonburgh, L.L.C.
K. Hovnanian’s Four Seasons at Hemet, LLC
▇. ▇▇▇▇▇▇▇▇▇’▇ Four Seasons at Huntfield,L.L.C.
K. Hovnanian’s Four Seasons at Kent Island Condominiums, L.L.C.
K. Hovnanian’s Four Seasons at Kent Island, L.L.C.
K. Hovnanian’s Four Seasons at Los Banos, LLC

▇. ▇▇▇▇▇▇▇▇▇’▇ Four Seasons at ▇▇▇▇▇▇ Valley, L.L.C.
K. Hovnanian’s Four Seasons at New Kent Vineyards, L.L.C.
K. Hovnanian’s Four Seasons at Palm Springs, LLC
▇. ▇▇▇▇▇▇▇▇▇’▇ FOUR SEASONS AT RENAISSANCE, L.L.C.
K. Hovnanian’s Four Seasons at Rush Creek, L.L.C.
K. Hovnanian’s Four Seasons at St. Margarets Landing, L.L.C.
K. Hovnanian’s Four Seasons at Vint Hill, L.L.C.
K. Hovnanian’s Four Seasons at Westshore, LLC
▇. ▇▇▇▇▇▇▇▇▇’▇ Four Seasons, LLC
▇. ▇▇▇▇▇▇▇▇▇’▇ Parkside at Towngate, L.L.C.
K. Hovnanian’s Private Home Portfolio, L.L.C.
KHIP, L.L.C.
LANDARAMA, INC.
M & M at Long Branch, Inc
M&M at Chesterfield, LLC
M&M AT Copper Beech, L.L.C.
M&M AT Crescent Court, L.L.C.
M&M at East ▇▇▇▇▇▇▇▇▇▇, L.L.C.
M&M AT MORRISTOWN, L.L.C.
M&M AT SPINNAKER POINTE, L.L.C.
M&M AT SPRUCE HOLLOW, L.L.C.
M&M AT SPRUCE RUN, L.L.C.
M&M at Station Square, L.L.C.
M&M at Tamarack Hollow, L.L.C.
M&M AT UNION, L.L.C.
M&M at West Orange, L.L.C.
M&M at Wheatena Urban Renewal, L.L.C.
M&M INVESTMENTS, ▇.▇.
▇▇▇▇▇▇ & Mumford at Egg Harbor, L.L.C.

MATZEL & MUMFORD AT ▇▇▇▇▇▇▇▇▇▇, L.L.C.
Matzel & Mumford at South Bound Brook Urban Renewal, L.L.C.
MCNJ, Inc.
Midwest Building Products & Contractor Services of Kentucky, L.L.C.
Midwest Building Products & Contractor Services of Michigan, L.L.C.
Midwest Building Products & Contractor Services of Pennsylvania, L.L.C.
Midwest Building Products & Contractor Services of West Virginia, L.L.C.
MIDWEST BUILDING PRODUCTS & CONTRACTOR SERVICES, L.L.C.
MMIP, L.L.C.
Natomas Central Neighborhood Housing, L.L.C.
New Land Title Agency, L.L.C.
PADDOCKS, L.L.C.
PARK TITLE COMPANY, LLC
Pine Ayr, LLC
RIDGEMORE UTILITY ASSOCIATES OF PENNSYLVANIA, L.L.C.
Ridgemore Utility, L.L.C.
SEABROOK ACCUMULATION CORPORATION
STONEBROOK HOMES, INC.
Terrapin Realty, L.L.C.
The Matzel & Mumford Organization, Inc
Washington Homes at Columbia Town Center, L.L.C.
Washington Homes, Inc.
Westminster Homes of Alabama, L.L.C.
Westminster Homes of Mississippi, LLC
Westminster Homes of Tennessee, Inc.
WESTMINSTER HOMES, INC.
WH LAND I, INC
WH PROPERTIES, INC.
WH/PR Land Company, L.L.C.

Woodland Lake Condominiums at Bowie New Town, L.L.C.