SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                                ----------------

                                 Schedule 13G/A
                                 (Rule 13d-102)
                                ----------------

    INFORMATION TO BE INCLUDED IN STATEMENTS PURSUANT TO RULES 13d-1(b), (c)
             AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2
                    UNDER THE SECURITIES EXCHANGE ACT OF 1934
                               (Amendment No. 1)*


                          Brookfield Homes Corporation
                                (Name of Issuer)

                          Common Stock, $.01 par value
                         (Title of Class of Securities)

                                    112723101
                                 (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:
     [ ]  Rule 13d-1(b)
     [X]  Rule 13d-1(c)
     [ ]  Rule 13d-1(d)

-----------

     * 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).





Schedule 13 G/A                                                  PAGE 2 of 13

CUSIP No. 112723101
-----------------------------------------------------------------------------
     (1)  NAME OF REPORTING PERSON
          S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
          Alson Capital Partners, LLC
-----------------------------------------------------------------------------
     (2)  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                                    (a) [x]
                                                                    (b) [ ]
-----------------------------------------------------------------------------
     (3)  SEC USE ONLY

-----------------------------------------------------------------------------
     (4)  CITIZENSHIP OR PLACE OF ORGANIZATION
               Delaware
-----------------------------------------------------------------------------

NUMBER OF      (5)  SOLE VOTING POWER
                    0
SHARES
               -------------------------------------------------------------

BENEFICIALLY   (6)  SHARED VOTING POWER
                    850,012
OWNED BY       _____________________________________________________________

EACH           (7)  SOLE DISPOSITIVE POWER
                    0
REPORTING      ______________________________________________________________

PERSON WITH    (8)  SHARED DISPOSITIVE POWER
                    850,012
-----------------------------------------------------------------------------
     (9)  AGGREGATE AMOUNT BENEFICIALLY OWNED
          BY EACH REPORTING PERSON
          850,012
-----------------------------------------------------------------------------
    (10)  CHECK BOX IF THE AGGREGATE AMOUNT
          IN ROW (9) EXCLUDES CERTAIN SHARES                             [ ]
-----------------------------------------------------------------------------
    (11)  PERCENT OF CLASS REPRESENTED
          BY AMOUNT IN ROW (9)
          2.8%
-----------------------------------------------------------------------------
    (12)  TYPE OF REPORTING PERSON
          IA
-----------------------------------------------------------------------------





Schedule 13 G/A                                                  PAGE 3 of 13

CUSIP No. 112723101
-----------------------------------------------------------------------------
     (1)  NAME OF REPORTING PERSON
          S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
          Neil Barsky
-----------------------------------------------------------------------------
     (2)  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                                    (a) [x]
                                                                    (b) [ ]
-----------------------------------------------------------------------------
     (3)  SEC USE ONLY

-----------------------------------------------------------------------------
     (4)  CITIZENSHIP OR PLACE OF ORGANIZATION
               United States
-----------------------------------------------------------------------------

NUMBER OF      (5)  SOLE VOTING POWER
                    0
SHARES
               -------------------------------------------------------------

BENEFICIALLY   (6)  SHARED VOTING POWER
                    850,012
OWNED BY       _____________________________________________________________

EACH           (7)  SOLE DISPOSITIVE POWER
                    0
REPORTING      ______________________________________________________________

PERSON WITH    (8)  SHARED DISPOSITIVE POWER
                    850,012
-----------------------------------------------------------------------------
     (9)  AGGREGATE AMOUNT BENEFICIALLY OWNED
          BY EACH REPORTING PERSON
          850,012
-----------------------------------------------------------------------------
    (10)  CHECK BOX IF THE AGGREGATE AMOUNT
          IN ROW (9) EXCLUDES CERTAIN SHARES                             [ ]
-----------------------------------------------------------------------------
    (11)  PERCENT OF CLASS REPRESENTED
          BY AMOUNT IN ROW (9)
          2.8%
-----------------------------------------------------------------------------
    (12)  TYPE OF REPORTING PERSON
          IN
-----------------------------------------------------------------------------





Schedule 13 G/A                                                  PAGE 4 of 13

CUSIP No. 112723101
-----------------------------------------------------------------------------
     (1)  NAME OF REPORTING PERSON
          S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
          Alson Signature Fund Offshore Portfolio, Ltd.
-----------------------------------------------------------------------------
     (2)  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                                    (a) [x]
                                                                    (b) [ ]
-----------------------------------------------------------------------------
     (3)  SEC USE ONLY

-----------------------------------------------------------------------------
     (4)  CITIZENSHIP OR PLACE OF ORGANIZATION
               Cayman Islands
-----------------------------------------------------------------------------

NUMBER OF      (5)  SOLE VOTING POWER
                    0
SHARES
                -------------------------------------------------------------

BENEFICIALLY   (6)  SHARED VOTING POWER
                    438,682
OWNED BY
                -------------------------------------------------------------

EACH           (7)  SOLE DISPOSITIVE POWER
                    0
REPORTING
                -------------------------------------------------------------

PERSON WITH    (8)  SHARED DISPOSITIVE POWER
                    438,682

-----------------------------------------------------------------------------
     (9)  AGGREGATE AMOUNT BENEFICIALLY OWNED
          BY EACH REPORTING PERSON
          438,682
-----------------------------------------------------------------------------
    (10)  CHECK BOX IF THE AGGREGATE AMOUNT
          IN ROW (9) EXCLUDES CERTAIN SHARES                             [ ]
-----------------------------------------------------------------------------
    (11)  PERCENT OF CLASS REPRESENTED
          BY AMOUNT IN ROW (9)
          1.4%
-----------------------------------------------------------------------------
    (12)  TYPE OF REPORTING PERSON
          CO
-----------------------------------------------------------------------------





Schedule 13 G/A                                                  PAGE 5 of 13

CUSIP No. 112723101
-----------------------------------------------------------------------------
     (1)  NAME OF REPORTING PERSON
          S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
          Alson Partners, LLC
-----------------------------------------------------------------------------
     (2)  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                                    (a) [x]
                                                                    (b) [ ]
-----------------------------------------------------------------------------
     (3)  SEC USE ONLY

-----------------------------------------------------------------------------
     (4)  CITIZENSHIP OR PLACE OF ORGANIZATION
               Delaware
-----------------------------------------------------------------------------

NUMBER OF      (5)  SOLE VOTING POWER
                    0
SHARES
                -------------------------------------------------------------

BENEFICIALLY   (6)  SHARED VOTING POWER
                    411,330
OWNED BY
                -------------------------------------------------------------

EACH           (7)  SOLE DISPOSITIVE POWER
                    0
REPORTING
                -------------------------------------------------------------

PERSON WITH    (8)  SHARED DISPOSITIVE POWER
                    411,330

-----------------------------------------------------------------------------
     (9)  AGGREGATE AMOUNT BENEFICIALLY OWNED
          BY EACH REPORTING PERSON
          411,330
-----------------------------------------------------------------------------
    (10)  CHECK BOX IF THE AGGREGATE AMOUNT
          IN ROW (9) EXCLUDES CERTAIN SHARES                             [ ]
-----------------------------------------------------------------------------
    (11)  PERCENT OF CLASS REPRESENTED
          BY AMOUNT IN ROW (9)
          1.3%
-----------------------------------------------------------------------------
    (12)  TYPE OF REPORTING PERSON
          PN
-----------------------------------------------------------------------------





Schedule 13 G/A                                                  PAGE 6 of 13

CUSIP No. 112723101
-----------------------------------------------------------------------------
     (1)  NAME OF REPORTING PERSON
          S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
          Alson Signature Fund, L.P.
-----------------------------------------------------------------------------
     (2)  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                                    (a) [x]
                                                                    (b) [ ]
-----------------------------------------------------------------------------
     (3)  SEC USE ONLY

-----------------------------------------------------------------------------
     (4)  CITIZENSHIP OR PLACE OF ORGANIZATION
               Delaware
-----------------------------------------------------------------------------

NUMBER OF      (5)  SOLE VOTING POWER
                    0
SHARES
                -------------------------------------------------------------

BENEFICIALLY   (6)  SHARED VOTING POWER
                    275,930
OWNED BY
                -------------------------------------------------------------

EACH           (7)  SOLE DISPOSITIVE POWER
                    0
REPORTING
                -------------------------------------------------------------

PERSON WITH    (8)  SHARED DISPOSITIVE POWER
                    275,930

-----------------------------------------------------------------------------
     (9)  AGGREGATE AMOUNT BENEFICIALLY OWNED
          BY EACH REPORTING PERSON
          275,930
-----------------------------------------------------------------------------
    (10)  CHECK BOX IF THE AGGREGATE AMOUNT
          IN ROW (9) EXCLUDES CERTAIN SHARES                             [ ]
-----------------------------------------------------------------------------
    (11)  PERCENT OF CLASS REPRESENTED
          BY AMOUNT IN ROW (9)
          0.9%
-----------------------------------------------------------------------------
    (12)  TYPE OF REPORTING PERSON
          PN
-----------------------------------------------------------------------------





Schedule 13 G/A                                                  PAGE 7 of 13

CUSIP No. 112723101
-----------------------------------------------------------------------------
     (1)  NAME OF REPORTING PERSON
          S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
          Alson Signature Fund I, L.P.
-----------------------------------------------------------------------------
     (2)  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                                    (a) [x]
                                                                    (b) [ ]
-----------------------------------------------------------------------------
     (3)  SEC USE ONLY

-----------------------------------------------------------------------------
     (4)  CITIZENSHIP OR PLACE OF ORGANIZATION
               Delaware
-----------------------------------------------------------------------------

NUMBER OF      (5)  SOLE VOTING POWER
                    0
SHARES
                -------------------------------------------------------------

BENEFICIALLY   (6)  SHARED VOTING POWER
                    135,400

OWNED BY
                -------------------------------------------------------------

EACH           (7)  SOLE DISPOSITIVE POWER
                    0
REPORTING
                -------------------------------------------------------------

PERSON WITH    (8)  SHARED DISPOSITIVE POWER
                    135,400

-----------------------------------------------------------------------------
     (9)  AGGREGATE AMOUNT BENEFICIALLY OWNED
          BY EACH REPORTING PERSON
          135,400
-----------------------------------------------------------------------------
    (10)  CHECK BOX IF THE AGGREGATE AMOUNT
          IN ROW (9) EXCLUDES CERTAIN SHARES                             [ ]
-----------------------------------------------------------------------------
    (11)  PERCENT OF CLASS REPRESENTED
          BY AMOUNT IN ROW (9)
          0.4%
-----------------------------------------------------------------------------
    (12)  TYPE OF REPORTING PERSON
          PN
-----------------------------------------------------------------------------





Schedule 13 G/A                                                  PAGE 8 of 13


ITEM 1(a).  NAME OF ISSUER:
            Brookfield Homes Corporation

ITEM 1(b).  ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
            12865 Pointe Del Mar Suite 200 Del Mar, California  92014

ITEMS 2(a), 2(b) and 2(c).   NAME OF PERSON FILING, ADDRESS OF PRINCIPAL
BUSINESS OFFICE AND CITIZENSHIP:

     This statement is filed by the entities and persons listed below, all of
whom together are referred to herein as the "Reporting Persons":

         (i)   Alson Capital Partners, LLC ("Alson"), a Delaware limited
               liability company, with respect to the Shares reported in this
               Schedule 13G/A held by certain investment funds and
               discretionary accounts managed by Alson (the "Accounts").

         (ii)  Neil Barsky, who is the Managing Member of Alson Capital
               Partners, LLC, with respect to the Shares reported in this
               Schedule 13G/A held by the Accounts.

         (iii) Alson Partners, LLC (the "General Partner"), a Delaware
               limited liability company, which is the general partner of
               Alson Signature Fund, L.P. ("Signature Fund") and Alson
               Signature Fund I, L.P. ("Signature Fund I")

         (iii) Alson Signature Fund Offshore Portfolio, Ltd. ("Portfolio"), a
               Cayman Islands company, with respect to shares owned by it.

         (iv)  Signature Fund, a Delaware limited partnership, with respect
               to shares owned by it.

         (v)   Signature Fund I, a Delaware limited partnership, with respect
               to shares owned by it.

The citizenship of each of Alson, General Partner, Portfolio, Signature Fund and
Signature Fund I is set forth above. Neil Barsky is a United States citizen.

The address of the principal business office of each of the Reporting Persons is
810 Seventh Avenue, 39th Floor, New York, New York 10019.

ITEM 2(d).  TITLE OF CLASS OF SECURITIES: Common Stock, $0.01 par value

ITEM 2(e).  CUSIP NUMBER:      112723101

ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO 13d-1(b) OR 13d-2(b) OR (c),
CHECK WHETHER THE PERSON FILING IS A:

          (a) [ ]  Broker or dealer registered under Section 15 of the
                   Act

          (b) [ ]  Bank as defined in Section 3(a)(6) of the Act

          (c) [ ]  Insurance Company as defined in Section 3(a)(19) of






Schedule 13 G/A                                                  PAGE 9 of 13


                   the Act


          (d) [ ]  Investment Company registered under Section 8 of the
                   Investment Company Act of 1940

          (e) [ ]  Investment Adviser registered under Section 203 of the
                   Investment Advisers Act of 1940: see Rule 13d-
                   1(b)(1)(ii)(E)

          (f) [ ]  Employee Benefit Plan, Pension Fund which is subject
                   to the provisions of the Employee Retirement Income
                   Security Act of 1974 or Endowment Fund; see Rule 13d-
                   1(b)(1)(ii)(F)

          (g) [ ]  Parent Holding Company, in accordance with Rule 13d-
                   1(b)(ii)(G);

          (h) [ ]  Savings Associations as defined in Section 3(b) of the
                   Federal Deposit Insurance Act;

          (i) [ ]  Church Plan that is excluded from the definition of an
                   investment company under Section 3(c)(14) of the
                   Investment Company Act of 1940;

          (j) ( )  Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

         IF THIS STATEMENT IS FILED PURSUANT TO Rule 13d-1(c), CHECK THIS
BOX. [x]

ITEM 4.     OWNERSHIP.

            Alson serves as principal investment manager to a number of
investment funds and discretionary accounts with respect to which it has voting
and dispositive authority over the Shares reported in this Schedule 13G/A,
including such an account for Portfolio. Mr. Neil Barsky is the Managing Member
of Alson. As such, he may be deemed to control such entity and therefore may be
deemed to be the beneficial owner of the Shares reported in this Schedule 13G/A.

            Each of the Reporting Persons hereby disclaims any beneficial
ownership of any such Shares.

      A.  Alson
         (a) Amount beneficially owned: 850,012
         (b) Percent of class: 2.8%
             (All percentages herein are based on 30,870,181 shares of
             Brookfield Homes Corporation common stock at October 28, 2005, as
             reflected in the Form 10-Q filed by the Brookfield Homes
             Corporation on November 11, 2005.)
         (c) Number of shares as to which such person has:
                 (i)    sole power to vote or to direct the vote
                        0
                 (ii)   shared power to vote or to direct the vote
                        850,012
                 (iii)  sole power to dispose or to direct the disposition
                        of 0





Schedule 13 G/A                                                  PAGE 10 of 13


                 (iv)   shared power to dispose or to direct the disposition
                        of 850,012

      B.  Neil Barsky
         (a) Amount beneficially owned: 850,012
         (b) Percent of class: 2.8%
         (c) Number of shares as to which such person has:
                 (i)    sole power to vote or to direct the vote
                        0
                 (ii)   shared power to vote or to direct the vote
                        850,012
                 (iii)  sole power to dispose or to direct the disposition of
                        0
                 (iv)   shared power to dispose or to direct the disposition
                        of 850,012

      C.  Portfolio
         (a) Amount beneficially owned: 438,682
         (b) Percent of class: 1.4%
         (c) Number of shares as to which such person has:
                 (i)    sole power to vote or to direct the vote
                        0
                 (ii)   shared power to vote or to direct the vote
                        438,682
                 (iii)  sole power to dispose or to direct the disposition
                        of 0
                 (iv)   shared power to dispose or to direct the disposition
                        of 438,682

      D.  General Partner
         (a) Amount beneficially owned: 411,330
         (b) Percent of class: 1.3%
         (c) Number of shares as to which such person has:
                 (i)    sole power to vote or to direct the vote
                        0
                 (ii)   shared power to vote or to direct the vote
                        411,330
                 (iii)  sole power to dispose or to direct the disposition
                        of 0
                 (iv)   shared power to dispose or to direct the disposition
                        of 411,330

      E.  Signature Fund
         (a) Amount beneficially owned: 275,930
         (b) Percent of class: 0.9%
         (c) Number of shares as to which such person has:
                 (i)    sole power to vote or to direct the vote
                        0
                 (ii)   shared power to vote or to direct the vote
                        275,930
                 (iii)  sole power to dispose or to direct the disposition
                        of 0
                 (iv)   shared power to dispose or to direct the disposition
                        of 275,930

      F. Signature Fund I





Schedule 13 G/A                                                  PAGE 11 of 13


         (a) Amount beneficially owned: 135,400
         (b) Percent of class: 0.4%
         (c) Number of shares as to which such person has:
                 (i)    sole power to vote or to direct the vote
                        0
                 (ii)   shared power to vote or to direct the vote
                        135,400
                 (iii)  sole power to dispose or to direct the disposition
                        of 0
                 (iv)   shared power to dispose or to direct the disposition
                        of 135,400

ITEM 5.   OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
          If this statement is being filed to report the fact that as of the
date hereof the Reporting Persons have ceased to be the beneficial owner of more
than five percent of the Common Stock, check the following [X].

ITEM 6.   OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
          Not applicable.

ITEM 7.   IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
          THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
          Not applicable.

ITEM 8.   IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
          See Item 4.

ITEM 9.   NOTICE OF DISSOLUTION OF GROUP.
          Not applicable.

ITEM 10.  CERTIFICATION.  (if filing pursuant to Rule 13d-1(c))

          Each of the Reporting Persons hereby make the following certification:

          By signing below each Reporting Person certifies that, to the best of
its knowledge and belief, the securities referred to above were not acquired and
are not held for the purpose of or with the effect of changing or influencing
the control of the issuer of the securities and were not acquired and not held
in connection with or as a participant in any transaction having that purpose or
effect.





Schedule 13 G/A                                                  PAGE 12 of 13


                                   SIGNATURES

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

DATED:  January 26, 2006            /s/ Neil Barsky
                                    -----------------------------------
                                    ALSON CAPITAL PARTNERS, LLC
                                    By Neil Barsky
                                    Managing Member


                                    /s/ Neil Barsky
                                    -----------------------------------
                                    Neil Barsky


                                    /s/ Scott Somerville
                                    -----------------------------------
                                    ALSON SIGNATURE FUND OFFSHORE PORTFOLIO,
                                    LTD.
                                    By Scott Somerville, Director


                                    /s/ Neil Barsky
                                    -----------------------------------
                                    ALSON PARTNERS, LLC
                                    By Neil Barsky, Managing Member


                                    /s/ Neil Barsky
                                    -----------------------------------
                                    ALSON SIGNATURE FUND, L.P.
                                    By Alson Partners, LLC, General Partner
                                    By Neil Barsky, Managing Member


                                    /s/ Neil Barsky
                                    -----------------------------------
                                    ALSON SIGNATURE FUND I, L.P.
                                    By Alson Partners, LLC, General Partner
                                    By Neil Barsky, Managing Member





CUSIP No. 112723101             13G                      PAGE 13 of 13 Pages


                                    EXHIBIT 1

                           JOINT ACQUISITION STATEMENT
                            PURSUANT TO RULE 13d-1(k)


           The undersigned acknowledge and agree that the foregoing statement on
Schedule 13G/A, is filed on behalf of each of the undersigned and that all
subsequent amendments to this statement on Schedule 13G/A, shall be filed on
behalf of each of the undersigned without the necessity of filing additional
joint acquisition statements. The undersigned acknowledge that each shall be
responsible for the timely filing of such amendments, and for the completeness
and accuracy of the information concerning him or it contained therein, but
shall not be responsible for the completeness and accuracy of the information
concerning the others, except to the extent that he or it knows or has reason to
believe that such information is inaccurate.


DATED:  January 26, 2006            /s/ Neil Barsky
                                    -----------------------------------
                                    ALSON CAPITAL PARTNERS, LLC
                                    By Neil Barsky, Managing Member


                                    /s/ Neil Barsky
                                    -----------------------------------
                                    Neil Barsky


                                    /s/ Scott Somerville
                                    -----------------------------------
                                    ALSON SIGNATURE FUND OFFSHORE PORTFOLIO,
                                    LTD.
                                    By Scott Somerville, Director


                                    /s/ Neil Barsky
                                    -----------------------------------
                                    ALSON PARTNERS, LLC
                                    By Neil Barsky, Managing Member


                                    /s/ Neil Barsky
                                    -----------------------------------
                                    ALSON SIGNATURE FUND, L.P.
                                    By Alson Partners, LLC, General Partner
                                    By Neil Barsky, Managing Member


                                    /s/ Neil Barsky
                                    -----------------------------------
                                    ALSON SIGNATURE FUND I, L.P.
                                    By Alson Partners, LLC, General Partner
                                    By Neil Barsky, Managing Member