8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act Of 1934

Date of Report (Date of earliest event reported): May 27, 2009 (May 20, 2009)

Comstock Homebuilding Companies, Inc.

(Exact Name of Registrant as Specified in its Charter)

Delaware	1-32375	20-1164345
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

11465 SUNSET HILLS ROAD, FIFTH FLOOR

RESTON, VIRGINIA 20910

(Address of principal executive offices) (Zip Code)

Registrant’s Telephone Number, Including Area Code: (703) 883-1700

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (See General Instruction A.2. below):

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a- 12 under the Exchange Act (17 CFR 240.14a- 12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Items 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Effective as of May 20, 2009, Bruce Labovitz, Chief Financial Officer of Comstock Homebuilding Companies, Inc. (the “Company”) is no longer employed by the Company. Jeff Dauer, the Company’s Chief Accounting Officer, will assume Mr. Labovitz’s duties on an interim basis.

On May 27, 2009 the Company issued a press release announcing this management team change. A copy of this press release is attached hereto as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit Number	Description
99.1	Press release by Comstock Homebuilding Companies, Inc., dated May 27, 2009

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: May 27, 2009

COMSTOCK HOMEBUILDING COMPANIES, INC.
By:	/s/ Jubal R. Thompson
	General Counsel and Secretary

EX-99.1

Exhibit 99.1

Contact: Judy Spencer

pressrelease@comstockhomes.com

703.230.1146

COMSTOCK HOMEBUILDING COMPANIES, INC.

ANNOUNCES DEPARTURE OF CFO, BRUCE LABOVITZ

Reston, Virginia (May 27, 2009) – Comstock Homebuilding Companies, Inc. (Nasdaq: CHCI) (“Comstock” or the “Company”) today announced that effective May 22, 2009 Bruce Labovitz, formerly the Chief Financial Officer, is no longer employed by the Company. Jeff Dauer, the Chief Accounting Officer, has assumed the Chief Financial Officer position on an interim basis.

“I believe Jeff’s considerable accounting and finance background, his track record of generating accurate and timely quarterly and annual reports for Comstock over the past several years, and his thorough understanding of Sarbanes Oxley and the accounting issues relative to our industry make him well suited for this role at Comstock Homebuilding Companies,” said Christopher Clemente, Comstock’s Chairman and Chief Executive Officer. “Effective immediately I will be working directly with our lenders in an effort to develop a solution that is a win-win for all parties in hopes of finding common ground that affords Comstock Homebuilding Companies an opportunity to continue operations.”

About Comstock Homebuilding Companies, Inc.

Comstock Homebuilding Companies, Inc. is a publically traded real estate enterprise with a focus on a variety of affordably priced, for-sale residential products. The company currently operates as Comstock Homes in the Washington, D.C.; Raleigh, NC; and Atlanta, GA markets. Comstock trades on Nasdaq as CHCI. For more information please visit www.comstockhomebuilding.com.

Cautionary Statement

This release may contain “forward-looking” statements made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Additional information concerning these and other important risks and uncertainties can be found under the heading “Risk Factors” in the Company’s Form 10-K as filed with the Securities and Exchange Commission on March 31, 2009. Comstock specifically disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise.