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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">UNITED
      STATES</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SECURITIES
      AND EXCHANGE COMMISSION</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Washington,
      D.C. 20549</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">FORM
      8-K</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">CURRENT
      REPORT</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
      to Section 13 or 15(d) of the Securities Exchange Act of 1934</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Date
      of
      Report (Date of Earliest Event Reported): August 10, 2006</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>HOUSERAISING,
      INC.</u></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Exact
      Name of Registrant as Specified in Charter) </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>North
      Carolina</u><br></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(State
      or
      Other Jurisdiction of Incorporation)</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>000-50701</u></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Commission
      File Number)</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>56-2253025</u></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(I.R.S.
      Employer Identification No.)</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">4801
      East
      Independence Boulevard, Suite 201</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Charlotte,
      North Carolina 28212</u></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Address
      of Principal Executive Offices) (Zip Code)</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>(704)
      532-2121</u></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Registrant's
      Telephone Number, Including Area Code)</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">________________________________________<br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Former
      Name or Former Address, if Changed since Last Report)</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">This
      Current Report on Form 8-K is filed by HouseRaising, Inc., a North Carolina
      corporation (the &#8220;Registrant&#8221;), in connection with the matters described
      herein.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ITEM
      1.01
      ENTRY INTO MATERIAL DEFINITIVE AGREEMENTS</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ITEM
      3.02
      UNREGISTERED SALES OF EQUITY SECURITIES</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
      August
      10, 2006, the Board of Directors of the Registrant met and authorized the entry
      into three amendments to existing employment agreements with Gregory J.
      Wessling, Director, Chairman and Chief Executive Officer, Robert V. McLemore,
      Director, President and Founder, and Grant S. Neerings, Director, Chief
      Technology Officer and President of HouseRaisingAcademy, LLC. All of the three
      directors abstained from voting on the matters considered by the Board of
      Directors described herein, and the amendments and all additional matters
      described herein were approved by the unanimous vote of the five remaining
      directors.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Mr.
      Wessling, Mr. McLemore and Mr. Neerings all agreed to an amendment to their
      employment agreements which increased the term to five years. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In
      return, the Board of Directors authorized the issuance of a bonus to Mr.
      Wessling of 200,000 shares of a new series of Class B Convertible Preferred
      Stock in consideration of his agreement to amend his employment agreement.
      A
      copy of the Articles of Amendment establishing the new Class B Convertible
      Preferred Stock is attached as Exhibit 10 hereto. The Board also cited as
      additional consideration the fact that Mr. Wessling had recently co-signed
      a
      $1,000,000 promissory note with Wachovia Bank in favor of the Registrant. The
      Board finally noted Mr. Wessling&#8217;s record of exceptional service to the
      Registrant as further consideration for the bonus. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Board
      of Directors authorized the issuance of a bonus to Mr. McLemore of 500,000
      shares of Class B Convertible Preferred Stock in consideration of his agreement
      to amend his employment agreement. The Board also cited as additional
      consideration the fact that Mr. McLemore had recently co-signed a $1,000,000
      promissory note with Wachovia Bank in favor of the Registrant. In addition,
      Mr.
      McLemore agreed to assign all right, title and interest that he owned in two
      copyrighted applications for System C, the custom design-build computer
      management software that is at the heart of the Registrant&#8217;s business plan. The
      Board further noted Mr. McLemore&#8217;s record of exceptional service as further
      consideration for the bonus.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Board
      of Directors authorized the issuance of a bonus to Mr. Neerings of 100,000
      shares of Class B Convertible Preferred Stock in consideration of his agreement
      to amend his employment agreement. The Board also cited as additional
      consideration Mr. Neerings&#8217; record of exceptional service to the Registrant, in
      particular, his instrumental role in developing the Registrant&#8217;s System
      C.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Class
      B Convertible Preferred Stock is convertible after three years from the date
      of
      issuance into ten (10) shares of common stock, and it votes on an &#8220;as converted&#8221;
basis with the common stock on all matters except to approve any merger, sale
      of
      assets, combination or reorganization involving the Registrant, or other
      fundamental corporate transaction involving the Registrant, in which case the
      Class B Convertible Preferred Stock has a class vote. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Board
      of Directors also emphasized that the issuance of 800,000 shares of Class B
      Convertible Preferred Stock to the Registrant&#8217;s insiders would tend to have an
      anti-takeover effect, and enable management to focus on implementing its
      business plan without losing control of the Registrant. The issuance would
      also
      lessen the dilutive impact on management&#8217;s stake of certain financings that were
      under consideration. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Registrant had 48,785,230 shares of common stock and 1,000,000 shares of Class
      A
      Convertible Preferred Stock outstanding as of July 31, 2006, for a total of
      58,785,230 shares of total outstanding combined voting power. After the issuance
      of the 800,000 shares of Class B Convertible Preferred Stock described herein,
      the Registrant will have 66,785,230 shares of total outstanding combined voting
      power. </font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      offering of the Class B Convertible Preferred Stock is intended to be exempt
      from registration pursuant to Section 4(2) of the Securities Act of 1933, as
      amended.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SIGNATURES</font></div>
    <div>&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">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 hereunto
      duly authorized.</font></div>
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      <table bgcolor="white" cellpadding="0" cellspacing="0" width="100%">

          <tr bgcolor="white">
            <td colspan="4" width="100%"><font size="2">HOUSERAISING, INC.</font></td>
          </tr>
          <tr bgcolor="white">
            <td width="3%">&#160;</td>
            <td width="2%">&#160;</td>
            <td width="1%">&#160;</td>
            <td width="94%">&#160;</td>
          </tr>
          <tr bgcolor="white">
            <td width="3%"><font size="2">By</font>&#160;</td>
            <td width="2%"><font size="2">/s/</font>&#160;</td>
            <td width="1%">&#160;</td>
            <td width="94%"><font size="2">Robert V. McLemore</font>&#160;</td>
          </tr>
          <tr bgcolor="white">
            <td width="3%">&#160;</td>
            <td width="2%">&#160;</td>
            <td width="1%">&#160;</td>
            <td width="94%"><font size="2">Robert V. McLemore</font>&#160;</td>
          </tr>
          <tr bgcolor="white">
            <td width="3%">&#160;</td>
            <td width="2%">&#160;</td>
            <td width="1%">&#160;</td>
            <td width="94%"><font size="2">President&#160;</font>&#160;</td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Date:
      August 16, 2006</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Exhibit
      Index</u></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
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      <table bgcolor="white" cellpadding="0" cellspacing="0" width="100%">

          <tr bgcolor="white">
            <td width="10%"><u><font size="2">Exhibit No.</font></u>&#160;</td>
            <td width="1%">&#160;</td>
            <td width="1%">&#160;</td>
            <td width="88%"><u><font size="2">Description of
              Exhibit</font></u>&#160;</td>
          </tr>
          <tr bgcolor="white">
            <td width="10%">&#160;</td>
            <td width="1%">&#160;</td>
            <td width="1%">&#160;</td>
            <td width="88%">&#160;</td>
          </tr>
          <tr bgcolor="white">
            <td width="10%"><font size="2">10</font>&#160;</td>
            <td width="1%">&#160;</td>
            <td width="1%">&#160;</td>
            <td width="88%">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Articles
                of Amendment for Class B Convertible Preferred
                Stock</font>&#160;</div>
            </td>
          </tr>

      </table>
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{"company-data": {"conformed-name": "HOUSERAISING, INC.", "cik": "0001168940", "assigned-sic": "1731", "irs-number": "562253025", "state-of-incorporation": "NC", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-50701", "film-number": "061040230"}, "business-address": {"street1": "4801 E. INDEPENDENCE BLVD., STE. 201", "city": "CHARLOTTE", "state": "NC", "zip": "28212", "phone": "704-532-2121"}, "mail-address": {"street1": "4801 E. INDEPENDENCE BLVD., STE. 201", "city": "CHARLOTTE", "state": "NC", "zip": "28212"}, "former-company": {"former-conformed-name": "TECHNOLOGY CONNECTIONS INC", "date-changed": "20020312"}}
Unassociated Document
UNITED
      STATES
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): August 10, 2006
HOUSERAISING,
      INC.
(Exact
      Name of Registrant as Specified in Charter)
North
      Carolina
(State
      or
      Other Jurisdiction of Incorporation)
000-50701
(Commission
      File Number)
56-2253025
(I.R.S.
      Employer Identification No.)
4801
      East
      Independence Boulevard, Suite 201
Charlotte,
      North Carolina 28212
(Address
      of Principal Executive Offices) (Zip Code)
(704)
      532-2121
(Registrant's
      Telephone Number, Including Area Code)
________________________________________
(Former
      Name or Former Address, if Changed since Last Report)
This
      Current Report on Form 8-K is filed by HouseRaising, Inc., a North Carolina
      corporation (the "Registrant"), in connection with the matters described
      herein.
ITEM
      1.01
      ENTRY INTO MATERIAL DEFINITIVE AGREEMENTS
ITEM
      3.02
      UNREGISTERED SALES OF EQUITY SECURITIES
On
      August
      10, 2006, the Board of Directors of the Registrant met and authorized the entry
      into three amendments to existing employment agreements with Gregory J.
      Wessling, Director, Chairman and Chief Executive Officer, Robert V. McLemore,
      Director, President and Founder, and Grant S. Neerings, Director, Chief
      Technology Officer and President of HouseRaisingAcademy, LLC. All of the three
      directors abstained from voting on the matters considered by the Board of
      Directors described herein, and the amendments and all additional matters
      described herein were approved by the unanimous vote of the five remaining
      directors.
Mr.
      Wessling, Mr. McLemore and Mr. Neerings all agreed to an amendment to their
      employment agreements which increased the term to five years.
In
      return, the Board of Directors authorized the issuance of a bonus to Mr.
      Wessling of 200,000 shares of a new series of Class B Convertible Preferred
      Stock in consideration of his agreement to amend his employment agreement.
      A
      copy of the Articles of Amendment establishing the new Class B Convertible
      Preferred Stock is attached as Exhibit 10 hereto. The Board also cited as
      additional consideration the fact that Mr. Wessling had recently co-signed
      a
      $1,000,000 promissory note with Wachovia Bank in favor of the Registrant. The
      Board finally noted Mr. Wessling's record of exceptional service to the
      Registrant as further consideration for the bonus.
The
      Board
      of Directors authorized the issuance of a bonus to Mr. McLemore of 500,000
      shares of Class B Convertible Preferred Stock in consideration of his agreement
      to amend his employment agreement. The Board also cited as additional
      consideration the fact that Mr. McLemore had recently co-signed a $1,000,000
      promissory note with Wachovia Bank in favor of the Registrant. In addition,
      Mr.
      McLemore agreed to assign all right, title and interest that he owned in two
      copyrighted applications for System C, the custom design-build computer
      management software that is at the heart of the Registrant's business plan. The
      Board further noted Mr. McLemore's record of exceptional service as further
      consideration for the bonus.
The
      Board
      of Directors authorized the issuance of a bonus to Mr. Neerings of 100,000
      shares of Class B Convertible Preferred Stock in consideration of his agreement
      to amend his employment agreement. The Board also cited as additional
      consideration Mr. Neerings' record of exceptional service to the Registrant, in
      particular, his instrumental role in developing the Registrant's System
      C.
The
      Class
      B Convertible Preferred Stock is convertible after three years from the date
      of
      issuance into ten (10) shares of common stock, and it votes on an "as converted"
basis with the common stock on all matters except to approve any merger, sale
      of
      assets, combination or reorganization involving the Registrant, or other
      fundamental corporate transaction involving the Registrant, in which case the
      Class B Convertible Preferred Stock has a class vote.
The
      Board
      of Directors also emphasized that the issuance of 800,000 shares of Class B
      Convertible Preferred Stock to the Registrant's insiders would tend to have an
      anti-takeover effect, and enable management to focus on implementing its
      business plan without losing control of the Registrant. The issuance would
      also
      lessen the dilutive impact on management's stake of certain financings that were
      under consideration.
The
      Registrant had 48,785,230 shares of common stock and 1,000,000 shares of Class
      A
      Convertible Preferred Stock outstanding as of July 31, 2006, for a total of
      58,785,230 shares of total outstanding combined voting power. After the issuance
      of the 800,000 shares of Class B Convertible Preferred Stock described herein,
      the Registrant will have 66,785,230 shares of total outstanding combined voting
      power.
2
The
      offering of the Class B Convertible Preferred Stock is intended to be exempt
      from registration pursuant to Section 4(2) of the Securities Act of 1933, as
      amended.
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 hereunto
      duly authorized.
HOUSERAISING, INC.
By
/s/
Robert V. McLemore
Robert V. McLemore
President
Date:
      August 16, 2006
Exhibit
      Index
Exhibit No.
Description of
              Exhibit
10
Articles
                of Amendment for Class B Convertible Preferred
                Stock
3