FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person *   Beal Bruce A Jr 2. Date of Event Requiring Statement (Month/Day/Year) 01/25/2008 3. Issuer Name and Ticker or Trading Symbol CENTERLINE HOLDING CO [CHC] (Last) (First) (Middle) C/O RELATED, 60 COLUMBUS CIRCLE 4. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director __X__ 10% Owner _____ Officer (give title below) _____ Other (specify below) 5. If Amendment, Date Original Filed(Month/Day/Year) 02/04/2008 (Street) NEW YORK, NY 10023 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
11.0% Cumulative Convertible Preferred Shares, Series A-1	  (1)	  (1)	Common Shares	1,344,120 (2) (3)	$ (1)	I	See footnotes. (2) (3)

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Beal Bruce A Jr C/O RELATED 60 COLUMBUS CIRCLE NEW YORK, NY 10023	Â	  X	Â	Â

Signatures

/s/ Bruce A. Beal, Jr.		04/16/2008
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	The 11.0% Cumulative Convertible Preferred Shares, Series A-1 (the "Shares") are convertible into Common Shares at a conversion rate of 1.0884 at any time subsequent to the earlier of (a) such time as the Issuer obtains shareholder approval of the conversion under the rules of the New York Stock Exchange (the "NYSE"), (b) the completion of a rights offering with respect to 11,216,628 Shares (the "Rights Offering"), which is the number of Shares sold by the Issuer to Related Special Assets LLC ("Related Special Assets") in a private placement on January 25, 2008 (the "Private Placement") or (c) September 22, 2008 to the extent permitted by the rules of the NYSE. The Shares will be redeemed on January 25, 2018, unless previously redeemed or converted.
(2)	This amendment to Form 3 is being filed to correct a previous Form 3 filed on February 4, 2008 (the "Initial Form 3"). The calculation of Mr. Beal's approximate indirect interest in Related Management Holdco LLC was incorrect in the Initial Form 3, affecting the amounts disclosed in column 3 in Table II above and in footnote (3) below. Except as set forth in this footnote (2), the Initial Form 3 has not been amended or updated to reflect events occurring subsequent to the filing of the Initial Form 3.
(3)	Pursuant to the Rights Offering that the Issuer intends to conduct, the Issuer's equity security holders (other than Related Special Assets and its affiliates, including the Reporting Person) will have the ability to purchase the number of Shares sold to Related Special Assets in the Private Placement. The Issuer will redeem from Related Special Assets a number of Shares equal to the number of Shares subscribed for in the Rights Offering and Related Special Assets will retain the balance, if any. The Reporting Person, through Beachbox Holdings II, L.L.C., holds an 11.2% interest in Related Management Holdco LLC, which has a 98% interest in Related Special Assets, giving the Reporting Person an 11.0% interest in Related Special Assets. As a result, the Reporting Person has a pecuniary interest in 1,234,951 Shares.

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