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Comstock Garners 4 GALA Awards!



  Comstock Garners 4 GALA Awards!

        A Strong Showing for One of DC’s Most Innovative Homebuilders

Business Wire

RESTON, Va. -- November 15, 2013

Comstock Homes of Washington, LC, a wholly owned subsidiary of Comstock
Holding Companies, Inc. (NASDAQ:CHCI), is honored to have won four Great
American Living Awards (GALA), sponsored by the Maryland National Capital
Building Industry Association (MNCBIA) and Washington Metropolitan Sales and
Marketing Council (WMSMC) along with the Northern Virginia Building Industry
Association (NVBIA). The annual program is judged by a distinguished panel of
building industry professionals representing expertise in each of the
categories, New Home and Community Design, Building, Interior Design and
Merchandising, and Marketing and Sales.

Comstock Recognized at GALA Event (Photo: Business Wire)

Comstock Recognized at GALA Event (Photo: Business Wire)

Homebuilders throughout the region compete actively for the opportunity to be
recognized at the GALA event. This year, Comstock was awarded:

                                   
• Winner of Best Design &           • Winner for Best Design & Architecture,
Architecture Attached Home          Attached Home
$350,001 - $400,000                 $500,001 - $600,000
Villas at East Gate - Villa B       Townes at the Hampshires - The Eaton
• Winner for Best Interior          • Award of Merit for Best Interior
Merchandising Attached Home         Merchandising Attached Home
$350,001 - $400,000                 $500,001 - $600,000
Villas at East Gate - Villa B       Townes at the Hampshires - The Eaton
                                     

As defined by the program sponsors: “To be a GALA winner signifies excellence
and the finest the industry has to offer. It translates into true value for
the consumer and signifies acknowledgement of excellence by peers. GALA is a
true mark of distinction — assurance that your home, community, and the sales
and marketing efforts that support it meets the highest standards.”

This is the first time in a number of years that Comstock Homes has submitted
entries, reflecting the return of the “for sale” housing market.

For additional information please visit http://www.comstockhomes.com.

About Comstock Holding Companies, Inc. & Comstock Homes

Comstock Homes is a prominent homebuilder and real estate developer in
the Washington, D.C. metropolitan area, where it builds a diverse range of
products including single-family homes, townhouses, mid-rise condominiums,
high-rise condominiums, apartments and mixed-use (residential and commercial)
communities. Comstock Homes of Washington, LC is a wholly owned subsidiary of
Comstock Holding Companies, Inc., a publicly traded, multi-faceted real estate
development and services company, trading on NASDAQ under the symbol CHCI. For
more information about Comstock Holding Companies, Inc. please visit
www.ComstockHolding.com or for more information about Comstock Homes and its
current projects, please visit www.ComstockHomes.com.

Cautionary Statement Regarding Forward-Looking Statements

This release contains "forward-looking" statements that are made pursuant to
the Safe Harbor provisions of the Private Securities Litigation Reform Act of
1995. Forward-looking statements involve known and unknown risks and
uncertainties that may cause actual future results to differ materially from
those projected or contemplated in the forward-looking statements including
incurring substantial indebtedness with respect to projects, the diversion of
management’s attention and other negative consequences. Additional information
concerning these and other important risks and uncertainties can be found
under the heading "Risk Factors" in the Company's most recent Form 10-K, as
filed with the Securities and Exchange Commission. Comstock specifically
disclaims any obligation to update or revise any forward-looking statements,
whether as a result of new information, future developments or otherwise.

Photos/Multimedia Gallery Available:
http://www.businesswire.com/multimedia/home/20131114006694/en/

Multimedia
Available:http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50751662&lang=en

Contact:

Comstock Holding Companies, Inc.
Joe Squeri, 703-230-1229
Chief Financial Officer
or
Investor Relations:
LHA
Jody Burfening / Harriet Fried
212-838-3777
hfried@lhai.com
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