Centerline Holding Co (fka CLNH)

[AliAngel]

UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549

FORM
12b-25

NOTIFICATION
OF LATE FILING


SEC FILE NUMBER



(Check One): |_| Form 10-K |_| Form 20-F |_| Form 11-K | X | Form 10-Q |_| Form 10-D |_| Form N-SAR|_| Form N-CSR CUSIP NUMBER



For Period Ended: March 31, 2009



|_| Transition Report on Form 10-K |_| Transition Report on Form 20-F |_| Transition Report on Form 11-K |_| Transition Report on Form 10-Q |_| Transition Report on Form N-SAR



For the Transition Period Ended:



Read Instruction (on back page) Before Preparing Form. Please Print or Type.Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.



If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:



PART I — REGISTRANT INFORMATION CENTERLINE HOLDING COMPANY Full Name of Registrant CHARTERMAC Former Name if Applicable 625 MADISON AVENUE Address of Principal Executive Office (Street and Number) NEW YORK, NEW YORK 10022 City, State and Zip Code



PART
II — RULES 12b-25(b) AND (c)

If the
subject report could not be filed without unreasonable effort or expense and the
registrant seeks relief pursuant to Rule 12b-25(b), the following should be
completed. (Check box if appropriate)


ý (a) The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense; (b) The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, 11-K, Form N-SAR or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and (c) The accountant's statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.



PART
III — NARRATIVE

State
below in reasonable detail the reasons why Forms 10-K, 20F, 11-K, 10-Q, 10-D,
N-SAR, N-CSR, or the transition report or portion thereof, could not be filed
within the prescribed time period.

Recent
market events continue to impact several of Centerline's businesses.
Centerline will require additional time to file the Form 10-Q for the quarter
ended March 31, 2009, in order to finalize the valuation and recording of
certain investments.










--------------------------------------------------------------------------------







PART
IV — OTHER INFORMATION


(1) Name and telephone number of person to contact in regard to this notification



ROBERT L. LEVY 212 317-5700 (Name) (Area Code) (Telephone Number)



(2) Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If answer is no, identify report(s). ý Yes ¨ No (3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof? ¨ Yes ý No If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.



CENTERLINE HOLDING COMPANY (Name of Registrant as Specified in Charter)


has
caused this notification to be signed on its behalf by the undersigned hereunto
duly authorized.


Date May 11, 2009 By /s/ Robert L. Levy


INSTRUCTION: The
form may be signed by an executive officer of the registrant or by any other
duly authorized representative. The name and title of the person signing the
form shall be typed or printed beneath the signature. If the
statement is signed on behalf of the registrant by an authorized representative
(other than an executive officer), evidence of the representative's authority to
sign on behalf of the registrant shall be filed with the form.


ATTENTION Intentional misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001).