SCHEDULE 13G

(Rule 13d-102)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO § 240.13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED

PURSUANT TO § 240.13d-2

(Amendment No. 1)*

(Name of Issuer)

(Title of Class of Securities)

(CUSIP Number)

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

* Consists of shares of common stock, par value $0.01 per share (the “Common Stock”) of The New Home Company Inc., a Delaware corporation (the “Issuer”) held directly by TCN/TNHC LP, a Delaware limited partnership (“TCG LP”).

** Consists of the aggregate number of shares of Common Stock beneficially owned by TCG LP and the Separately Filing Group Members (as defined in this Schedule 13G), without duplication.  TCG LP has entered into certain agreements with the Separately Filing Group Members that provide for, among other things, director nomination rights and voting agreements with respect to the Common Stock.  As a result, the Reporting Persons and the Separately Filing Group Members may be deemed to be members of a “group”, within the meaning of Section 13(d)(3) of the Act.  TCG LP disclaims beneficial ownership of the shares held by the Separately Filing Group Members.

*** Based on (i) 16,516,546 shares of Common Stock issued and outstanding as of November 4, 2015, as reported by Issuer in its most recent Form 10-Q filed November 5, 2015, plus (ii) an aggregate 4,025,000 shares of Common Stock issued in connection with the Company’s public follow-on offering on December 9, 2015, including full exercise of the overallotment option by the underwriters, plus (iii) 6,668 restricted stock units that vested following the date of the Issuer’s most recent Form 10-Q, plus (iv) 1,584 stock options that were exercised following the date of the Issuer’s most recent Form 10-Q, for a total of 20,549,798 shares of Common Stock outstanding.

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* Consists of shares of Common Stock of the Issuer held directly by TCG LP, whose general partner is TCN/TNHC GP LLC, a Delaware limited liability company (“TCG GP”).

** Consists of the aggregate number of shares of Common Stock beneficially owned by TCG GP and the Separately Filing Group Members (as defined in this Schedule 13G), without duplication.  TCG LP has entered into certain agreements with the Separately Filing Group Members that provide for, among other things, director nomination rights and voting agreements with respect to the Common Stock.  As a result, the Reporting Persons and the Separately Filing Group Members may be deemed to be members of a “group”, within the meaning of Section 13(d)(3) of the Act.  TCG GP disclaims beneficial ownership of the shares held by the Separately Filing Group Members.

*** Based on (i) 16,516,546 shares of Common Stock issued and outstanding as of November 4, 2015, as reported by Issuer in its most recent Form 10-Q filed November 5, 2015, plus (ii) an aggregate 4,025,000 shares of Common Stock issued in connection with the Company’s public follow-on offering on December 9, 2015, including full exercise of the overallotment option by the underwriters, plus (iii) 6,668 restricted stock units that vested following the date of the Issuer’s most recent Form 10-Q, plus (iv) 1,584 stock options that were exercised following the date of the Issuer’s most recent Form 10-Q, for a total of 20,549,798 shares of Common Stock outstanding.

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* Consists of shares of Common Stock of the Issuer held directly by TCG LP, whose general partner is TCG GP, whose sole member is Tricon Housing Partners US II Equity Holdings LP, a Delaware limited partnership (“Tricon II”).

** Consists of the aggregate number of shares of Common Stock beneficially owned by Tricon II and the Separately Filing Group Members (as defined in this Schedule 13G), without duplication.  TCG LP has entered into certain agreements with the Separately Filing Group Members that provide for, among other things, director nomination rights and voting agreements with respect to the Common Stock.  As a result, the Reporting Persons and the Separately Filing Group Members may be deemed to be members of a “group”, within the meaning of Section 13(d)(3) of the Act.  Tricon II disclaims beneficial ownership of the shares held by the Separately Filing Group Members.

*** Based on (i) 16,516,546 shares of Common Stock issued and outstanding as of November 4, 2015, as reported by Issuer in its most recent Form 10-Q filed November 5, 2015, plus (ii) an aggregate 4,025,000 shares of Common Stock issued in connection with the Company’s public follow-on offering on December 9, 2015, including full exercise of the overallotment option by the underwriters, plus (iii) 6,668 restricted stock units that vested following the date of the Issuer’s most recent Form 10-Q, plus (iv) 1,584 stock options that were exercised following the date of the Issuer’s most recent Form 10-Q, for a total of 20,549,798 shares of Common Stock outstanding.

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* Consists of shares of Common Stock of the Issuer held directly by TCG LP, whose general partner is TCG GP, whose sole member is Tricon II, whose general partner is Tricon Housing Partners US II GP LLC, a Delaware limited liability company (Tricon II GP”).

** Consists of the aggregate number of shares of Common Stock beneficially owned by Tricon II GP and the Separately Filing Group Members (as defined in this Schedule 13G), without duplication.  TCG LP has entered into certain agreements with the Separately Filing Group Members that provide for, among other things, director nomination rights and voting agreements with respect to the Common Stock.  As a result, the Reporting Persons and the Separately Filing Group Members may be deemed to be members of a “group”, within the meaning of Section 13(d)(3) of the Act.  Tricon II GP disclaims beneficial ownership of the shares held by the Separately Filing Group Members.

*** Based on (i) 16,516,546 shares of Common Stock issued and outstanding as of November 4, 2015, as reported by Issuer in its most recent Form 10-Q filed November 5, 2015, plus (ii) an aggregate 4,025,000 shares of Common Stock issued in connection with the Company’s public follow-on offering on December 9, 2015, including full exercise of the overallotment option by the underwriters, plus (iii) 6,668 restricted stock units that vested following the date of the Issuer’s most recent Form 10-Q, plus (iv) 1,584 stock options that were exercised following the date of the Issuer’s most recent Form 10-Q, for a total of 20,549,798 shares of Common Stock outstanding.

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* Consists of shares of Common Stock of the Issuer held directly by TCG LP, whose general partner is TCG GP, whose sole member is Tricon II, whose general partner is Tricon II GP, whose sole member is Tricon USA Inc., a Delaware corporation (“Tricon USA”).

** Consists of the aggregate number of shares of Common Stock beneficially owned by Tricon USA and the Separately Filing Group Members (as defined in this Schedule 13G), without duplication.  TCG LP has entered into certain agreements with the Separately Filing Group Members that provide for, among other things, director nomination rights and voting agreements with respect to the Common Stock.  As a result, the Reporting Persons and the Separately Filing Group Members may be deemed to be members of a “group”, within the meaning of Section 13(d)(3) of the Act.  Tricon USA disclaims beneficial ownership of the shares held by the Separately Filing Group Members.

*** Based on (i) 16,516,546 shares of Common Stock issued and outstanding as of November 4, 2015, as reported by Issuer in its most recent Form 10-Q filed November 5, 2015, plus (ii) an aggregate 4,025,000 shares of Common Stock issued in connection with the Company’s public follow-on offering on December 9, 2015, including full exercise of the overallotment option by the underwriters, plus (iii) 6,668 restricted stock units that vested following the date of the Issuer’s most recent Form 10-Q, plus (iv) 1,584 stock options that were exercised following the date of the Issuer’s most recent Form 10-Q, for a total of 20,549,798 shares of Common Stock outstanding.

6

* Consists of shares of Common Stock of the Issuer held directly by TCG LP, whose general partner is TCG GP, whose sole member is Tricon II, whose general partner is Tricon II GP, whose sole member is Tricon USA, whose sole shareholder is Tricon Holdings USA LLC, a Delaware limited liability company (“Tricon Holdings”).

** Consists of the aggregate number of shares of Common Stock beneficially owned by Tricon Holdings and the Separately Filing Group Members (as defined in this Schedule 13G), without duplication.  TCG LP has entered into certain agreements with the Separately Filing Group Members that provide for, among other things, director nomination rights and voting agreements with respect to the Common Stock.  As a result, the Reporting Persons and the Separately Filing Group Members may be deemed to be members of a “group”, within the meaning of Section 13(d)(3) of the Act.  Tricon Holdings disclaims beneficial ownership of the shares held by the Separately Filing Group Members.

*** Based on (i) 16,516,546 shares of Common Stock issued and outstanding as of November 4, 2015, as reported by Issuer in its most recent Form 10-Q filed November 5, 2015, plus (ii) an aggregate 4,025,000 shares of Common Stock issued in connection with the Company’s public follow-on offering on December 9, 2015, including full exercise of the overallotment option by the underwriters, plus (iii) 6,668 restricted stock units that vested following the date of the Issuer’s most recent Form 10-Q, plus (iv) 1,584 stock options that were exercised following the date of the Issuer’s most recent Form 10-Q, for a total of 20,549,798 shares of Common Stock outstanding.

7

* Consists of shares of Common Stock of the Issuer held directly by TCG LP, whose general partner is TCG GP, whose sole member is Tricon II, whose general partner is Tricon II GP, whose sole member is Tricon USA, whose sole shareholder is Tricon Holdings, whose sole member is Tricon US Topco LLC, a Delaware limited liability company (“Tricon US Topco”).

** Consists of the aggregate number of shares of Common Stock beneficially owned by Tricon US Topco and the Separately Filing Group Members (as defined in this Schedule 13G), without duplication.  TCG LP has entered into certain agreements with the Separately Filing Group Members that provide for, among other things, director nomination rights and voting agreements with respect to the Common Stock.  As a result, the Reporting Persons and the Separately Filing Group Members may be deemed to be members of a “group”, within the meaning of Section 13(d)(3) of the Act.  Tricon US Topco disclaims beneficial ownership of the shares held by the Separately Filing Group Members.

*** Based on (i) 16,516,546 shares of Common Stock issued and outstanding as of November 4, 2015, as reported by Issuer in its most recent Form 10-Q filed November 5, 2015, plus (ii) an aggregate 4,025,000 shares of Common Stock issued in connection with the Company’s public follow-on offering on December 9, 2015, including full exercise of the overallotment option by the underwriters, plus (iii) 6,668 restricted stock units that vested following the date of the Issuer’s most recent Form 10-Q, plus (iv) 1,584 stock options that were exercised following the date of the Issuer’s most recent Form 10-Q, for a total of 20,549,798 shares of Common Stock outstanding.

8

* Consists of shares of Common Stock of the Issuer held directly by TCG LP, whose general partner is TCG GP, whose sole member is Tricon II, whose general partner is Tricon II GP, whose sole member is Tricon USA, whose sole shareholder is Tricon Holdings, whose sole member is Tricon US Topco, whose sole member is Tricon Holdings Canada Inc., an Ontario corporation (“Tricon Canada”).

** Consists of the aggregate number of shares of Common Stock beneficially owned by Tricon Canada and the Separately Filing Group Members (as defined in this Schedule 13G), without duplication.  TCG LP has entered into certain agreements with the Separately Filing Group Members that provide for, among other things, director nomination rights and voting agreements with respect to the Common Stock.  As a result, the Reporting Persons and the Separately Filing Group Members may be deemed to be members of a “group”, within the meaning of Section 13(d)(3) of the Act.  Tricon Canada disclaims beneficial ownership of the shares held by the Separately Filing Group Members.

*** Based on (i) 16,516,546 shares of Common Stock issued and outstanding as of November 4, 2015, as reported by Issuer in its most recent Form 10-Q filed November 5, 2015, plus (ii) an aggregate 4,025,000 shares of Common Stock issued in connection with the Company’s public follow-on offering on December 9, 2015, including full exercise of the overallotment option by the underwriters, plus (iii) 6,668 restricted stock units that vested following the date of the Issuer’s most recent Form 10-Q, plus (iv) 1,584 stock options that were exercised following the date of the Issuer’s most recent Form 10-Q, for a total of 20,549,798 shares of Common Stock outstanding.

9

* Consists of shares of Common Stock of the Issuer held directly by TCG LP, whose general partner is TCG GP, whose sole member is Tricon II, whose general partner is Tricon II GP, whose sole member is Tricon USA, whose sole shareholder is Tricon Holdings, whose sole member is Tricon US Topco, whose sole member is Tricon Canada, whose sole shareholder is Tricon Capital Group Inc., an Ontario corporation (“Tricon”).

** Consists of the aggregate number of shares of Common Stock beneficially owned by Tricon and the Separately Filing Group Members (as defined in this Schedule 13G), without duplication.  TCG LP has entered into certain agreements with the Separately Filing Group Members that provide for, among other things, director nomination rights and voting agreements with respect to the Common Stock.  As a result, the Reporting Persons and the Separately Filing Group Members may be deemed to be members of a “group”, within the meaning of Section 13(d)(3) of the Act.  Tricon disclaims beneficial ownership of the shares held by the Separately Filing Group Members.

*** Based on (i) 16,516,546 shares of Common Stock issued and outstanding as of November 4, 2015, as reported by Issuer in its most recent Form 10-Q filed November 5, 2015, plus (ii) an aggregate 4,025,000 shares of Common Stock issued in connection with the Company’s public follow-on offering on December 9, 2015, including full exercise of the overallotment option by the underwriters, plus (iii) 6,668 restricted stock units that vested following the date of the Issuer’s most recent Form 10-Q, plus (iv) 1,584 stock options that were exercised following the date of the Issuer’s most recent Form 10-Q, for a total of 20,549,798 shares of Common Stock outstanding.

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SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

February 12, 2016

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Exhibit List

Exhibit A.          Joint Filing Agreement.

Exhibit B.          Separately Filing Group Members.

Exhibit A

Joint Filing Agreement

In accordance with Rule 13d-1(k) promulgated under the Securities Exchange Act of 1934, the undersigned hereby agree to the joint filing with all other Reporting Persons (as such term is defined in the Schedule 13G referred to below) on behalf of each of them of a statement on Schedule 13G (including amendments thereto) with respect to the common stock, par value $0.01 per share, of The New Home Company Inc., a Delaware corporation, and that this Joint Filing Agreement may be included as an exhibit to such Schedule 13G.

IN WITNESS WHEREOF, the undersigned hereby execute this Joint Filing Agreement as of February 12, 2016.

Exhibit B

Separately Filing Group Members

WATT/TNHC LLC, a California limited liability company.

IHP Capital Partners VI, LLC, a Delaware limited liability company.

H. Lawrence Webb.

Wayne J. Stelmar.

Joseph D. Davis.

Thomas Redwitz.