----

----

| Nevada                                                                                           | 87-0785410                                    |
|--------------------------------------------------------------------------------------------------|-----------------------------------------------|
|   (State      or other jurisdiction of incorporation or      organization)   |  I.R.S.      Employer Identification no. |

----

----

----

|  PART      I:  |  FINANCIAL      INFORMATION                                                                             | Page   |
|---------------------|--------------------------------------------------------------------------------------------------------------|--------|
|                |                                                                                                         |   |
|  Item      1.  |  Financial      Statements                                                                              | 3      |
|                |                                                                                                         |   |
|  Item      2.  |  Managements      Discussion and Analysis of Financial  Condition and Plan of      Operations | 9      |
|                |                                                                                                         |   |
|  Item      3.  |  Controls      and Procedures                                                                           | 11     |
|                |                                                                                                         |   |
|  PART      II: |  OTHER      INFORMATION                                                                                 | 11     |
|                |                                                                                                         |   |
|  Item      1.  |  Legal      Proceedings                                                                                 | 11     |
|                |                                                                                                         |   |
|  Item      2.  |  Changes      in Securities                                                                             | 11     |
|                |                                                                                                         |   |
|  Item      3.  |  Defaults      upon Senior Securities                                                                   | 11     |
|                |                                                                                                         |   |
|  Item      4.  |  Submission      of Matters for a Vote of Security Holders                                              | 11     |
|                |                                                                                                         |   |
|  Item      5.  |  Other      Information                                                                                 | 12     |
|                |                                                                                                         |   |
|  Item      6.  |  Exhibits      and Reports on Form 8-K                                                                  | 12     |
|                |                                                                                                         |   |
|  SIGNATURES    | 12                                                                                                           |

----

| Item      1. | Financial      Statements |
|--------------|---------------------------|

|                                                                                                                                                                    | Page   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                                                                    |   |
| Balance sheets -      March 31, 2008 and September 30, 2008 (Unaudited)                                                                                                 | 4      |
|                                                                                                                                                                    |   |
| Statements of      Operations (Unaudited) - Six Months Ended September 30, 2008 and 2007 and      the Period from October 10, 2006 (Inception) to September 30,    2008 | 5      |
|                                                                                                                                                                    |   |
| Statements of Cash      Flows (Unaudited) - Six Months Ended September 30, 2008 and 2007 and the      Period from October 10, 2006 (Inception) to September 30, 2008    | 6      |
|                                                                                                                                                                    |   |
| Notes to Financial      Statements                                                                                                                                      | 7      |

----

| AFFORDABLE      GREEN HOMES INTERNATIONAL                                          |
|------------------------------------------------------------------------------------|
| (A      Development Stage Company)                                                 |
| BALANCE      SHEETS                                                                |
|                                                                               |   |   |   |   |   |   |
|                                                                               |   |   |   |   |   |   |
|                                                                               |   |   |   |   | Sept.      30, 2008 |   |
|                                                                               |   | March      31, 2008 |   |   | (Unaudited) |   |
|                                                                               |   |   |   |   |   |   |
| ASSETS                                                                             |   |   |   |   |   |   |
|                                                                               |   |   |   |   |   |   |
| Current      assets                                                                |   |   |   |   |   |   |
| Cash                                                                               |   | $ | - |   |   | $ | 1,000 |   |
| Total current      assets                                                          |   |   |  - |   |   |   | 1,000 |   |
|                                                                               |   |   |   |   |   |   |   |   |
| Total      Assets                                                                  |   | $ | - |   |   | $ | 1,000 |   |
|                                                                               |   |   |   |   |   |   |   |   |
|                                                                               |   |   |   |   |   |   |   |   |
| LIABILITIES      & STOCKHOLDERS' EQUITY                                        |   |   |   |   |   |   |   |   |
|                                                                               |   |   |   |   |   |   |   |   |
| Current      liabilities                                                           |   |   |   |   |   |   |   |   |
| Bank      overdraft                                                                |   | $ | 229 |   |   | $ | - |   |
| Accounts      payable                                                              |   |   |   |   |   |   | 1,920 |   |
| Related      party payables                                                        |   |   | 38,383 |   |   |   | 52,600 |   |
| Total current      liabilties                                                      |   |   | 38,612 |   |   |   | 54,520 |   |
|                                                                               |   |   |   |   |   |   |   |   |
| Total      Liabilities                                                             |   |   | 38,612 |   |   |   | 54,520 |   |
|                                                                               |   |   |   |   |   |   |   |   |
| Stockholders'      Equity                                                          |   |   |   |   |   |   |   |   |
| Common      stock, $.0001 par value;                                               |   |   |   |   |   |   |   |   |
| 25,000,000      shares authorized;                                                 |   |   |   |   |   |   |   |   |
| 9,925,000      (March 2008) and                                                    |   |   |   |   |   |   |   |   |
| 12,925,000      (Sept. 2008) shares issued                                         |   |   |   |   |   |   |   |   |
| and      outstanding                                                               |   |   | 993 |   |   |   | 1,293 |   |
| Additional      paid in capital                                                    |   |   | 98,257 |   |   |   | 120,457 |   |
| Deficit      accumulated during the                                                |   |   |   |   |   |   |   |   |
| development      stage                                                             |   |   | (137,862 | ) |   |   | (175,270 | ) |
|                                                                               |   |   |   |   |   |   |   |   |
| Total      Stockholders' Equity                                                    |   |   | (38,612 | ) |   |   | (53,520 | ) |
|                                                                               |   |   |   |   |   |   |   |   |
| Total      Liabilities and Stockholders' Equity                                    |   | $ | - |   |   | $ | 1,000 |   |
|                                                                               |   |   |   |   |   |   |   |   |
|                                                                               |   |   |   |   |   |   |   |   |
|                                                                               |   |   |   |   |   |   |   |   |
|                                                                               |   |   |   |   |   |   |   |   |
|                                                                               |   |   |   |   |   |   |   |   |
|                                                                               |   |   |   |   |   |   |   |   |
| The      accompanying notes are an integral part of the financial      statements. |   |

----

| AFFORDABLE      GREEN HOMES INTERNATIONAL                                          |   |
|------------------------------------------------------------------------------------|--------|
| (A      Development Stage Company)                                                 |   |
| STATEMENTS      OF OPERATIONS                                                      |   |
| (Unaudited)                                                                        |   |
|                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   | Period      From |   |
|                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   | Oct.      10, 2006 |   |
|                                                                               |   | Three      Months |   |   | Three      Months |   |   | Six      Months |   |   | Six      Months |   |   | (Inception) |   |
|                                                                               |   | Ended |   |   | Ended |   |   | Ended |   |   | Ended |   |   | To |   |
|                                                                               |   | Sept.      30, 2007 |   |   | Sept.      30, 2008 |   |   | Sept.      30, 2007 |   |   | Sept.      30, 2008 |   |   | Sept.      30, 2008 |   |
|                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Revenues                                                                           |   | $ | - |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |
|                                                                               |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
|                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating      expenses:                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|      Amortization      & depreciation                 |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
|      General      and administrative                      |   |   | 3,525 |   |   |   | 8,626 |   |   |   | 5,508 |   |   |   | 37,408 |   |   |   | 175,270 |   |
|                                                                               |   |   | 3,525 |   |   |   | 8,626 |   |   |   | 5,508 |   |   |   | 37,408 |   |   |   | 175,270 |   |
|                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Gain      (loss) from operations                                                   |   |   | (3,525 | ) |   |   | (8,626 | ) |   |   | (5,508 | ) |   |   | (37,408 | ) |   |   | (175,270 | ) |
|                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other      income (expense):                                                       |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
|                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Income      (loss) before                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|      provision      for income taxes                      |   |   | (3,525 | ) |   |   | (8,626 | ) |   |   | (5,508 | ) |   |   | (37,408 | ) |   |   | (175,270 | ) |
|                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Provision      for income tax                                                      |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
|                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      income (loss)                                                             |   | $ | (3,525 | ) |   | $ | (8,626 | ) |   | $ | (5,508 | ) |   | $ | (37,408 | ) |   | $ | (175,270 | ) |
|                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      income (loss) per share                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (Basic      and fully diluted)                                                     |   | $ | (0.00 | ) |   | $ | (0.00 | ) |   | $ | (0.00 | ) |   | $ | (0.00 | ) |   |   |   |   |
|                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted      average number of                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| common      shares outstanding                                                     |   |   | 9,925,000 |   |   |   | 12,925,000 |   |   |   | 9,925,000 |   |   |   | 12,508,333 |   |   |   |   |   |
|                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| The      accompanying notes are an integral part of the financial      statements. |   |

----

| AFFORDABLE      GREEN HOMES INTERNATIONAL                                          |   |
|------------------------------------------------------------------------------------|--------|
| (A      Development Stage Company)                                                 |   |
| STATEMENTS      OF CASH FLOWS                                                      |   |
| (Unaudited)                                                                        |   |
|                                                                               |   |   |   |   |   |   |   |   |   |
|                                                                               |   |   |   |   |   |   |   | Period      From |   |
|                                                                               |   |   |   |   |   |   |   | Oct.      10, 2006 |   |
|                                                                               |   | Six      Months |   |   | Six      Months |   |   | (Inception) |   |
|                                                                               |   | Ended |   |   | Ended |   |   | To |   |
|                                                                               |   | Sept.      30, 2007 |   |   | Sept.      30, 2008 |   |   | Sept.      30, 2008 |   |
|                                                                               |   |   |   |   |   |   |   |   |   |
| Cash      Flows From Operating Activities:                                         |   |   |   |   |   |   |   |   |   |
| Net      income (loss)                                                             |   | $ | (5,508 | ) |   | $ | (37,408 | ) |   | $ | (175,270 | ) |
|                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Adjustments      to reconcile net loss to                                          |   |   |   |   |   |   |   |   |   |   |   |   |
| net      cash provided by (used for)                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| operating      activities:                                                         |   |   |   |   |   |   |   |   |   |   |   |   |
| Amortization      & depreciation                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Bank      overdraft                                                                |   |   | 108 |   |   |   | (229 | ) |   |   |   |   |
| Accounts      payables                                                             |   |   |   |   |   |   | 1,920 |   |   |   | 1,920 |   |
| Related      party payables                                                        |   |   | 5,308 |   |   |   | 14,217 |   |   |   | 52,600 |   |
| Compensatory      stock issuances                                                  |   |   |   |   |   |   |   |   |   |   | 23,000 |   |
| Net cash provided by (used      for)                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| operating      activities                                                          |   |   | (92 | ) |   |   | (21,500 | ) |   |   | (97,750 | ) |
|                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash      Flows From Investing Activities:                                         |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                               |   |   | - |   |   |   | - |   |   |   | - |   |
| Net      cash provided by (used for)                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| investing      activities                                                          |   |   | - |   |   |   | - |   |   |   | - |   |
|                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash      Flows From Financing Activities:                                         |   |   |   |   |   |   |   |   |   |   |   |   |
| Sales      of common stock                                                         |   |   |   |   |   |   | 22,500 |   |   |   | 98,750 |   |
| Net cash provided by (used      for)                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| financing      activities                                                          |   |   | - |   |   |   | 22,500 |   |   |   | 98,750 |   |
|                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      Increase (Decrease) In Cash                                               |   |   | (92 | ) |   |   | 1,000 |   |   |   | 1,000 |   |
|                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash      At The Beginning Of The Period                                           |   |   | 92 |   |   |   | - |   |   |   | - |   |
|                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash      At The End Of The Period                                                 |   | $ | - |   |   | $ | 1,000 |   |   | $ | 1,000 |   |
|                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Schedule      Of Non-Cash Investing And Financing Activities                       |   |   |   |   |   |   |   |   |   |
|                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| None                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Supplemental      Disclosure                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash      paid for interest                                                        |   | $ | - |   |   |   |   |   |   | $ | - |   |
| Cash      paid for income taxes                                                    |   | $ | - |   |   |   |   |   |   | $ | - |   |
|                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| The      accompanying notes are an integral part of the financial      statements. |   |

----

----

----

| Item      2. | Management’s      Discussion and Analysis of Financial Condition and Plan of      Operations |
|--------------|---------------------------------------------------------------------------------------------------------|

| Phase      I:  | We      plan to build one home in August/November 2008 then ramp up to 2-9 homes      per month. |
|----------------|--------------------------------------------------------------------------------------------------|
|           |                                                                                             |
| Phase      II: | We      plan to build 120 homes (10 homes permonth)                                              |

----

| Item      2. | Management’s      Discussion and Analysis of Financial Condition and Plan of Operations      - continued |
|--------------|---------------------------------------------------------------------------------------------------------------------|

|   | Peru    |   |
|--------|---------|--------|
|   | Nigeria |
|   | Saipan  |
|   | Guam    |
|   | India   |
|   | Brazil  |

| EXPENDITURES                                                                                                                                                                                       |   |    |      |   |    |   |     |    |   |   |     |   |   |                |     |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------|-----------|--------|---------|--------|----------|---------|--------|--------|----------|--------|--------|---------------------|----------|
|                                                                                                                                                                                               |   |    |      |   |    |   |     |    |   |   |     |   |   |                |     |
| The      following chart provides an overview of our budgeted expenditures using      our existing cash resources, by significant area of activity for each      quarter, over the next 12 months: |   |
|                                                                                                                                                                                               |   |    |      |   |    |   |     |
|  ITEMS                                                                                                                                                                                        |   | Oct-Dec |      |   | Jan-Mar |   |     | Apr-Jun |   |   | Jul-Aug  |   |   | 12      Month Total |     |
|  Legal/Accounting                                                                                                                                                                             |   |    | 2,000.00  |   |    |   | 2,000.00 |    |   |   | 2,000.00 |   |   |                | 2,000.00 |   |   |   | 8,000.00 |   |
|                                                                                                                                                                                               |   |    |      |   |    |   |     |    |   |   |     |   |   |                |     |   |   |   |   |   |
|  Transfer      Agent                                                                                                                                                                          |   |    | 3,500.00  |   |    |   | 500.00   |    |   |   | 500.00   |   |   |                | 500.00   |   |   |   | 5,000.00 |   |
|                                                                                                                                                                                               |   |    |      |   |    |   |     |    |   |   |     |   |   |                |     |   |   |   |   |   |
|  Web      Site Development                                                                                                                                                                    |   |    | 1,500.00  |   |    |   | 500.00   |    |   |   | 500.00   |   |   |                | 500.00   |   |   |   | 3,000.00 |   |
|                                                                                                                                                                                               |   |    |      |   |    |   |     |    |   |   |     |   |   |                |     |   |   |   |   |   |
|  Office      Rent                                                                                                                                                                             |   |    | 700.00    |   |    |   | 700.00   |    |   |   | 700.00   |   |   |                | 700.00   |   |   |   | 2,800.00 |   |
|                                                                                                                                                                                               |   |    |      |   |    |   |     |    |   |   |     |   |   |                |     |   |   |   |   |   |
|  Travel      Expenses                                                                                                                                                                         |   |    | 1,500.00  |   |    |   | 500.00   |    |   |   | 1,500.00 |   |   |                | 500.00   |   |   |   | 4,000.00 |   |
|                                                                                                                                                                                               |   |    |      |   |    |   |     |    |   |   |     |   |   |                |     |   |   |   |   |   |
|  Video      Production                                                                                                                                                                        |   |    | 1,500.00  |   |    |   | 500.00   |    |   |   | 500.00   |   |   |                | 500.00   |   |   |   | 3,000.00 |   |
|                                                                                                                                                                                               |   |    |      |   |    |   |     |    |   |   |     |   |   |                |     |   |   |   |   |   |
|  Advertising                                                                                                                                                                                  |   |    | 1,000.00  |   |    |   | 1,000.00 |    |   |   | 1,000.00 |   |   |                | 1,000.00 |   |   |   | 4,000.00 |   |
|                                                                                                                                                                                               |   |    |      |   |    |   |     |    |   |   |     |   |   |                |     |   |   |   |   |   |
| Office      Equipment & Supplies                                                                                                                                                               |   |    | 500.00    |   |    |   | 500.00   |    |   |   | 500.00   |   |   |                | 500.00   |   |   |   | 2,000.00 |   |
|                                                                                                                                                                                               |   |    |      |   |    |   |     |    |   |   |     |   |   |                |     |   |   |   |   |   |
| TOTALS:                                                                                                                                                                                            |   | $       | 12,125.00 |   |    | $      | 6,125.00 |    |   | $      | 7,125.00 |   |   | $                   | 6,125.00 |   |   | $ | 31,800.00 |   |

----

| Item      2. | Management’s      Discussion and Analysis of Financial Condition and Plan of Operations      - continued |
|--------------|---------------------------------------------------------------------------------------------------------------------|

| Item      3. | Controls      and Procedures |
|--------------|------------------------------|

| Item1. | Legal      Proceedings |
|--------|------------------------|

| Item      2. | Changes      in Securities |
|--------------|----------------------------|

| Item      3. | Defaults      upon Senior Securities |
|--------------|--------------------------------------|

| Item      4. | Submission      of Matters to a Vote of SecurityHolders |
|--------------|---------------------------------------------------------|

----

| Item      5. | Other      Information |
|--------------|------------------------|

| Item      6. | Exhibits      and Reports on Form 8-K |
|--------------|---------------------------------------|

|  Exhibit      # |  Description                                                                                                                         |
|----------------------|-------------------------------------------------------------------------------------------------------------------------------------------|
|  31.1           |  Certificate of      Principal Executive Officer                                                                                     |
|                 |                                                                                                                                      |
|  31.2           |  Certificate of      Principal Accounting Officer                                                                                    |
|                 |                                                                                                                                      |
|  32.1           |  Certification      Pursuant to 18 U.S.C. 1350, as Adopted Pursuant to  Section 906      of the Sarbanes-Oxley Act of 2002 |
|                 |                                                                                                                                      |
|  32.2           |  Certification      Pursuant to 18 U.S.C. 1350, as Adopted Pursuant to  Section 906      of the Sarbanes-Oxley Act of2002  |

|                         | AFFORDABLE      GREEN HOMES INTERNATIONAL, INC.(Registrant) |                               |
|------------------------------|-------------------------------------------------------------|------------------------------------|
|                         |                                                        |                               |   |
| Date:      November 13, 2008 | By:                                                         | /s/ Michael      P Vahl       |   |
|                         |                                                        | Michael      P Vahl, CEO/President |   |
|                         |                                                        |                               |   |
|                         |                                                        |                               |   |

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