[1] However, Hovnanian fled to the United States in the aftermath of the 1958 Iraqi Revolution, which overthrew the monarchy of Faisal II of Iraq.
[2] Hovnanian and his company earned a reputation for selling low cost condos and townhouses, many to first time young homeowners and families.
[2] It remains one the United States' largest builders of "active adult homes", which are sold under the name of Four Seasons communities.
[1] Hovnanian left a number of philanthropic contributions during his life, especially in support of New Jersey, Armenia and the Armenian diaspora.
[1] In 1986, Hovnanian constructed the St. Stepanos Armenian Church in the Elberon section of Long Branch in honor of his mother.
[3] He was survived by his wife of 60 years, Sirwart (Emily); daughters, Sossie Najarian, Esto Barry and Lucy Kalian and Nadia Rodriguez; and son, Ara Hovnanian.
[2] The president of the New Jersey Builders Association, Michael H. Karmatz, called Hovnanian an "industry vanguard" following his death.