Ownership Submission
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 *
  SMYTH PAUL G
 2. Date of Event Requiring Statement (Month/Day/Year)
04/08/2008		 3. Issuer Name and Ticker or Trading Symbol
CENTERLINE HOLDING CO [CLNH]
(Last)
(First)
(Middle)
625 MADISON AVENUE, 5TH FLOOR		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
_____ Officer (give title below) __X__ Other (specify below)
Executive Managing Director
 5. If Amendment, Date Original Filed(Month/Day/Year)
04/18/2008
(Street)

NEW YORK, NY 10022		 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)
Common Shares 181,665 (1) (2)
D
 

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

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
SMYTH PAUL G
625 MADISON AVENUE, 5TH FLOOR
NEW YORK, NY 10022		       Executive Managing Director

Signatures

/s/ Paul G. Smyth 03/18/2009
**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) Includes (i) a grant of 176,347 restricted common shares with an effective date of August 15, 2006 ,which vests over four years in four equal cumulative installments of 25%, with one fourth vesting on the first anniversary of the effective date, and (ii) a grant of 47,405 restricted common shares with an effective date of March 10, 2008, which vests over three years in three equal cumulative installments of 331/3%, with one third vesting on the first anniversary of the effective date.
(2) This amended Form 3 is being filed to correct the reporting of Mr. Smyth?s beneficial ownership in Table 1. The original Form 3, filed on April 18, 2008, mistakenly recorded Mr. Smyth?s ownership without taking into account prior tax withholdings.

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