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|Exhibit 31.1
CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TORULE 13a-14 OF THE SECURITIES EXCHANGE ACT OF 1934,AS ADOPTED PURSUANT TO SECTION 302OF THE SARBANES-OXLEY ACT OF 2002
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| | I, Shant S. Hovnanian, certify that:
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| |                                     
| | 1.                                  
| |                                     
| | 2.                                  
| |                                     
| | 3.                                  
| |                                     
| | 4.                                  
| |                                     

| | (a) | Designed such disclosure controls and procedures, or caused such disclosure controls and procedures

to be designed under our supervision, to ensure that material information relating to the registrant,

including its consolidated subsidiaries, is made known to us by others within those entities, particularly

during the period in which this report is being prepared;
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| |     |                                                                                                                                                                                                                                                                                                                                                                                  

| | (b) | Evaluated the effectiveness of the registrants disclosure controls and procedures and presented

in this report our conclusions about the effectiveness of the disclosure controls and procedures,

as of the end of the period covered by this report based on such evaluation; and
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| |     |                                                                                                                                                                                                                                                                                      

| | (c) | Disclosed in this report any change in the registrants internal control over financial reporting

that occurred during the registrants most recent fiscal quarter (the registrants fourth

fiscal quarter in the case of an annual report) that has materially affected, or is reasonably
likely
to materially affect, the registrants internal control over financial reporting; and
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| |     |                                                                                                                                                                                                                                                                                                                                                                                          

| | 5. | The registrants other certifying officer and I have disclosed, based on our most recent evaluation

of  internal control over financial reporting, to the registrants auditors and the audit committee

of the registrants board of directors (or persons performing the equivalent functions):
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| |    |                                                                                                                                                                                                                                                                                                   

| | (a) | All significant deficiencies and material weaknesses in the design or operation of internal control

over financial reporting which are reasonably likely to adversely affect the registrants
ability
to record, process, summarize and report financial information; and
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| |     |                                                                                                                                                                                                                                                                           
| | (b) | Any fraud, whether or not material, that involves management or other employees who have a significant

role in the registrants internal control over financial reporting.                                                                                               
| |     |                                                                                                                                                                                                                                                                           

| |        |                                                             
| | ------ | ------------------------------------------------------------
| | Date:  | August 14, 2006                                             
| |        |                                                             
| |        |                                                             
| | By:    | /s/ Shant S. Hovnanian                                      
| | Name:  | Shant S. Hovnanian                                          
| | Title: | Chairman
of the Board, President and Chief Executive Officer

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