8-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported):

February 13, 2010

HOME PROPERTIES, INC.

(Exact name of Registrant as specified in its Charter)

MARYLAND	1-13136 No.	16-1455126
(State or other jurisdiction	(Commission File Number)	(IRS Employer
of incorporation)		Identification Number)

850 Clinton Square, Rochester, New York 14604

 (Address of principal executive offices and internet site)

(585) 546-4900

(Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[    ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[    ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[    ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[    ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

HOME PROPERTIES, INC.

CURRENT REPORT

ON FORM 8-K

Item 5.02                      Departure of Director or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

The Board of Directors of Home Properties, Inc. voted to appoint Charles John (“Bud”) Koch to the Board of Directors, effective March 1, 2010.  A press release announcing his appointment is attached as Exhibit 99.

Mr. Koch will serve as an independent director and has been appointed to serve on the Audit Committee.  Upon joining the Board, Mr. Koch will receive the same compensation as is paid to other directors of the Company.

In connection with Mr. Koch’s appointment to the Board of Directors, Mr. Koch and the Company will enter into an Indemnification Agreement in substantially the same form as the Company has entered into with the other independent directors.

In connection with this appointment, the Board of Directors also changed the size of the Board to eleven directors.

Item 9.01                      Financial Statements and Exhibits

Exhibit 99                     Press Release of Home Properties, Inc. Dated February 18, 2010 (filed herewith)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

HOME PROPERTIES, INC.

(Registrant)

Date:           February 18, 2010

By:           /s/ David P. Gardner                                                                           

David P. Gardner

Executive Vice President and Chief Financial Officer

EX-99

 Exhibit 99

FOR IMMEDIATE RELEASE

HOME PROPERTIES ADDS DIRECTOR

ROCHESTER, NY, FEBRUARY 18, 2010– Home Properties (NYSE:HME) today announced the appointment of a new director, Charles John (“Bud”) Koch.  Koch was Chairman, President and Chief Executive Officer of Charter One Financial, Inc. prior to its sale to The Royal Bank of Scotland in 2004.  He begins his term on March 1, 2010 and will stand for re-election by the stockholders at Home Properties' May 2010 annual meeting.  With this additional independent director, the total number of board members will be eleven.

Koch, age 62, was with Cleveland, Ohio-based Charter One Financial, Inc. and its wholly-owned subsidiary, Charter One Bank N. A., from 1973 to 2004.  He was elected President and Chief Operating Officer in 1980, President and Chief Executive Officer in 1988, and Chairman, President and Chief Executive Officer in 1995.

Koch is on the Board of Directors of Assurant, Inc. and Citizens Financial Group (an affiliate of The Royal Bank of Scotland).  He is also Chairman of the Board of Trustees of Case Western Reserve University, on the Board of Directors of John Carroll University, and a Public Interest Director on the Board of The Federal Home Loan Bank of Cincinnati.  He received his BA from Lehigh University and his MBA from Loyola College of Maryland.

“Bud’s long-term experience running a large public company will be a tremendous asset to Home Properties’ board,” said Norman Leenhouts, Co-Chair of Home Properties’ Board of Directors.  “The Company will benefit greatly from Bud’s vision, financial background and management expertise.”

Home Properties is a publicly traded apartment real estate investment trust that owns, operates, develops, acquires and rehabilitates apartment communities primarily in selected Northeast, Mid-Atlantic and Southeast Florida markets.  Currently, Home Properties operates 108 communities containing 37,108 apartment units. Of these, 35,958 units in 106 communities are owned directly by the Company; 868 units are partially owned and managed by the Company as general partner, and 282 units are managed for other owners.  For more information, visit Home Properties’ Web site at homeproperties.com.

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For further information:

Charis W. Warshof, Vice President, Investor Relations, (585) 295-4237

850 Clinton Square/Rochester, New York  14604/(585) 546-4900/FAX (585) 546-5433

www.homeproperties.com