1 EXHIBIT 22 KAUFMAN AND BROAD HOME CORPORATION AND CONSOLIDATED SUBSIDIARIES SUBSIDIARIES OF THE COMPANY The following subsidiaries of the Company were included in the November 30, 1999 consolidated financial statements: PERCENTAGE OF VOTING SECURITIES OWNED BY THE COMPANY OR A SUBSIDIARY OF THE COMPANY NAME OF COMPANY ----------------------- Arizona Kaufman and Broad Home Sales of Arizona, Inc. ....... 100 Kaufman and Broad Home Sales of Tucson, Inc. ........ 100 Kaufman and Broad of Arizona, Inc. .................. 100 Kaufman and Broad of Tucson, Inc. ................... 100 California Affordable Multi-Family, Inc. ....................... 100 Branching Tree Corp. ................................ 100 Cable Associates, Inc. .............................. 100 Custom Decor, Inc. .................................. 100 First Northern Builders Servicing, Inc. ............. 100 Fullerton Affordable Housing, Inc. .................. 100 Gateway Town Center Investors, Inc. ................. 100 KBASW Mortgage Acceptance Corporation................ 100 KBI/Mortgage Acceptance Corporation.................. 100 KBMH Capital, Inc.................................... 100 KBMH Construction, Inc. ............................. 100 KBMH Property Management, Inc........................ 100 KBRAC IV Mortgage Acceptance Corporation............. 100 Kaufman and Broad Architecture, Inc.................. 100 Kaufman and Broad -- Central Valley, Inc. ........... 100 Kaufman and Broad Coastal, Inc. ..................... 100 Kaufman and Broad Communities, Inc. ................. 100 Kaufman and Broad Development Group.................. 100 Kaufman and Broad Embarcadero, Inc. ................. 100 Kaufman and Broad Holdings, Inc. .................... 100 Kaufman and Broad Home Sales, Inc. .................. 100 Kaufman and Broad Home Sales of Northern California, Inc. .............................................. 100 Kaufman and Broad Insurance Agency, Inc. ............ 100 Kaufman and Broad International, Inc. ............... 100 Kaufman and Broad Land Company....................... 100 Kaufman and Broad Land Development Venture, Inc. .... 100 Kaufman and Broad -- Monterey Bay, Inc............... 100 Kaufman and Broad -- Moreno/Perris Valleys, Inc. .... 100 Kaufman and Broad Multi-Family, Inc. ................ 100 Kaufman and Broad Multi-Housing Group, Inc........... 100 Kaufman and Broad North Stockton, Inc. .............. 100 Kaufman and Broad of Northern California, Inc. ...... 100 Kaufman and Broad of Sacramento, Inc. ............... 100 Kaufman and Broad of San Diego, Inc. ................ 100 Kaufman and Broad of Southern California, Inc. ...... 100 Kaufman and Broad of Utah, Inc....................... 100 2 PERCENTAGE OF VOTING SECURITIES OWNED BY THE COMPANY OR A SUBSIDIARY OF THE COMPANY NAME OF COMPANY ----------------------- Kaufman and Broad Patterson, Inc. ................... 100 Kaufman and Broad Properties......................... 100 Kaufman and Broad -- South Bay, Inc. ................ 100 KB Holdings One, Inc. ............................... 100 Kent Land Company.................................... 100 Kingsbay Escrow Company.............................. 100 Lewis Homes Management Corp. ........................ 100 Mather Housing Company, LLC.......................... 100 Multi-Housing G.P. VI, Inc. ......................... 100 Multi-Housing G.P. VIII, Inc. ....................... 100 Multi-Housing G.P. X, Inc. .......................... 100 Multi-Housing G.P. XII............................... 100 Multi-Housing G.P. XIV............................... 100 Multi-Housing G.P. XVIII, Inc. ...................... 100 Multi-Housing G.P. XX, Inc. ......................... 100 Multi-Housing G.P. XXII, Inc. ....................... 100 Multi-Housing G.P. XXIV, Inc. ....................... 100 Multi-Housing Investments, Inc. ..................... 100 Simi Affordable Housing, Inc. ....................... 100 Colorado Kaufman and Broad of Colorado, Inc. ................. 100 Delaware Eden Land Development Corp. ......................... 100 Estes Homebuilding Co. .............................. 100 General Homes Corporation............................ 100 General Homes of Arizona............................. 100 General Homes of Dallas.............................. 100 General Homes of Florida............................. 100 General Homes of Houston............................. 100 General Homes Development LLC........................ 100 GH Homebuilding Holdings, Inc. ...................... 100 HomeSafe Escrow Company.............................. 100 International Mortgage Acceptance Corporation........ 100 Kaufman and Broad Development Company................ 100 Kaufman and Broad Limited............................ 100 KBHC Financing I..................................... 3 LDC Arctic LLC....................................... 100 LHC Arctic LLC....................................... 100 LHE Arctic LLC....................................... 100 LHN Arctic LLC....................................... 100 LP Arctic LLC........................................ 100 Rate One Associates, Inc. ........................... 100 Rate One Holdings, Inc. ............................. 100 rateOne Home Loans, LLC.............................. 100 Illinois Kaufman and Broad Mortgage Company................... 100 Kaufman and Broad of Illinois, Inc. ................. 100 3 PERCENTAGE OF VOTING SECURITIES OWNED BY THE COMPANY OR A SUBSIDIARY NAME OF COMPANY OF THE COMPANY ----------------------- Massachusetts Kaufman and Broad Homes, Inc. ....................... 100 Michigan Keywick, Inc. ....................................... 100 Minnesota Kaufman and Broad Custom Homes, Inc. ................ 100 Nevada Desert Inn Development, LLC.......................... 100 Kaufman and Broad Home Sales of Nevada, Inc. ........ 100 Kaufman and Broad Home Sales of Reno, Inc. .......... 100 Kaufman and Broad of Nevada, Inc. ................... 100 Kaufman and Broad of Reno, Inc. ..................... 100 KB Spring Mountain, Inc. ............................ 100 Lewis Homes -- Carlyle Venture L.L.C. ............... 100 New Mexico Kaufman and Broad Home Sales of New Mexico, Inc. .... 100 Kaufman and Broad of New Mexico, Inc. ............... 100 New York Kaufman and Broad Homes of Long Island, Inc. ........ 100 Texas Eden Corporation..................................... 100 Envirographic, Inc. ................................. 100 FGMC................................................. 100 Hallmark Residential Group, Inc...................... 100 Kaufman and Broad Insurance Agency of Texas Holdings, Inc................................................ 100 Kaufman and Broad Lone Star, LP...................... 100 Kaufman and Broad of Texas, Ltd...................... 100 Kaufman and Development of Texas, L.P................ 100 KBSA, Inc. .......................................... 100 Rayco Land Development, Inc.......................... 100 San Antonio Title Co. ............................... 100 Satex Properties, Inc. .............................. 100 Quoin Investments, Inc. ............................. 100 Canadian Margreen Investments, Inc. .......................... 100 3238865 Canada Inc................................... 100 French Gie KB............................................... 100 Kaufman and Broad Developpement S.A. ................ 100 Kaufman and Broad France S.A......................... 100 Kaufman and Broad Promotion Maisons Individuelles S.A................................................ 100 Kaufman and Broad Renovation S.A.R.L................. 100 LMP Chancy S.A.R.L. ................................. 100 Millet S.A.R.L. ..................................... 100 Park S.A. ........................................... 100 SMCI Developpement................................... 100 Mexican Kaufman y Broad de Mexico............................ 100 4 PERCENTAGE OF VOTING SECURITIES OWNED BY THE COMPANY OR A SUBSIDIARY OF THE COMPANY NAME OF COMPANY ----------------------- Kaufman y Broad Asesoria Administrativa.............. 100 Operadora Los Robles................................. 100 Desarrollos Los Robles............................... 100