Item 1.01. Entry into a Material Definitive Agreement.

On November 27, 2019, Hovnanian Enterprises, Inc. (the "Company") and K. Hovnanian Enterprises, Inc. ("K. Hovnanian"), a wholly-owned subsidiary of the Company, entered into the First Amendment (the "Secured Loan Amendment") to the Credit Agreement, dated as of October 31, 2019, by and among K. Hovnanian, the Company, the other guarantors party thereto, Wilmington Trust, National Association, as administrative agent, and the lenders party thereto.

In addition, on November 27, 2019, the Company and K. Hovnanian also entered into the following supplemental indentures: (i) the First Supplemental Indenture (the "1.125 Lien Supplemental Indenture") to the Indenture, dated as of October 31, 2019, by and among K. Hovnanian, the Company, the other guarantors party thereto and Wilmington Trust, National Association, as trustee and collateral agent, relating to K. Hovnanian's 7.75% Senior Secured 1.125 Lien Notes due 2026; (ii) the First Supplemental Indenture (the "1.25 Lien Supplemental Indenture") to the Indenture, dated as of October 31, 2019, by and among K. Hovnanian, the Company, the other guarantors party thereto and Wilmington Trust, National Association, as trustee and collateral agent, relating to K. Hovnanian's 10.5% Senior Secured 1.25 Lien Notes due 2026; and (iii) the First Supplemental Indenture (the "1.5 Lien Supplemental Indenture") to the Indenture, dated as of October 31, 2019, by and among K. Hovnanian, the Company, the other guarantors party thereto and Wilmington Trust, National Association, as trustee and collateral agent, relating to K. Hovnanian's 11.25% Senior Secured 1.5 Lien Notes due 2026.

The Secured Loan Amendment, the 1.125 Lien Supplemental Indenture, the 1.25 Lien Supplemental Indenture and the 1.5 Lien Supplemental Indenture provide for certain technical and clarifying amendments to the covenant limiting the prepayment of certain indebtedness to clarify that the covenant does not restrict payments of accrued and unpaid interest and to permit certain cash payments in respect of fractional indebtedness in connection with tender or exchange thereof to holders of such indebtedness.

The foregoing summaries of the Secured Loan Amendment, the 1.125 Lien Supplemental Indenture, the 1.25 Lien Supplemental Indenture and the 1.5 Lien Supplemental Indenture do not purport to be complete and are qualified in their entirety by reference to the text of the Secured Loan Amendment, the 1.125 Lien Supplemental Indenture, the 1.25 Lien Supplemental Indenture and the 1.5 Lien Supplemental Indenture filed as Exhibits 10.1, 4.1, 4.2 and 4.3, respectively, to this Form 8-K and incorporated by reference herein.




Item 9.01.  Financial Statements and Exhibits.



(d)   Exhibits.

4.1 First Supplemental Indenture, dated as of November 27, 2019, to the


       Indenture, dated as of October 31, 2019, relating to the 7.75% Senior
       Secured 1.125 Lien Notes due 2026, among K. Hovnanian Enterprises, Inc.,
       Hovnanian Enterprises, Inc., the subsidiary guarantors named therein and
       Wilmington Trust, National Association, as Trustee and Collateral
       Agent.

4.2 First Supplemental Indenture, dated as of November 27, 2019, to the


       Indenture, dated as of October 31, 2019, relating to the 10.5% Senior
       Secured 1.25 Lien Notes due 2026, among K. Hovnanian Enterprises, Inc.,
       Hovnanian Enterprises, Inc., the subsidiary guarantors named therein and
       Wilmington Trust, National Association, as Trustee and Collateral
       Agent.

4.3 First Supplemental Indenture, dated as of November 27, 2019, to the


       Indenture, dated as of October 31, 2019, relating to the 11.25% Senior
       Secured 1.5 Lien Notes due 2026, among K. Hovnanian Enterprises, Inc.,
       Hovnanian Enterprises, Inc., the subsidiary guarantors named therein and
       Wilmington Trust, National Association, as Trustee and Collateral
       Agent.

10.1 First Amendment, dated as of November 27, 2019, to the Credit


       Agreement, dated as of October 31, 2019, among K. Hovnanian Enterprises,
       Inc., Hovnanian Enterprises, Inc., the subsidiary guarantors named
       therein, Wilmington Trust, National Association, as Administrative Agent,
       and the lenders party thereto.

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