Item 1.01. Entry into a Material Definitive Agreement.
Brookfield Homes Corporation (the "Company") is disclosing information under this Item as a result of a wholly-owned subsidiary of the Company, Brookfield Homes Holdings Inc. ("BHHI") entering into an agreement with an affiliate of the Company. On July 31, 2009, BHHI amended its unsecured revolving acquisition and operating credit facility (the "Facility") with an affiliate of the Company's major stockholder, Brookfield Asset Management Inc., in order to (i) increase the maximum available amount to $100,000,000, (ii) provide for an initial commitment amount of $50,000,000 and (iii) provide that $20,000,000 of the Facility may be used for general corporate purposes. Item 9.01. Financial Statements and Exhibits.
(d) Exhibits:
99.1 Loan Agreement Amendment dated July 31, 2009.

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