U.S.
        SECURITIES AND EXCHANGE COMMISSION
 Washington,
        D.C. 20549
 
 FORM
        10-QSB
 
 x
              QUARTERLY
                  REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
                  OF 1934
                  for the period ended March 31, 2006
 
 o
              TRANSITION
                  REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
                  OF 1934
                  for the transition period from _______ to
                  _______
 
 Commission
        File No. 000-50701
 
 HOUSERAISING,
        INC.
 (Exact
        name of small business issuer as specified in its charter)
 
 TECHNOLOGY
        CONNECTIONS, INC.
 (Former
        name of registrant)
 
 North
                  Carolina
              56-2253025(State
                  or other jurisdiction of
              (IRS
                  Employer identification No.)incorporation
                  or organization)
 
 4801
        East Independence Blvd., Suite 201, Charlotte, North Carolina
        28212
 (Address
        of principal executive offices)
 
 (704)
        532-2121
 (Issuer's
        telephone number)
 
 Securities
        registered under Section 12(b) of the Act:
 
 NONE
 
 Securities
        registered under Section 12(g) of the Act:
 
 Common
        stock (par value $.001 per share)
  Check
        whether the issuer (1) filed all reports required to be filed by Section
        13 or
        15(d) of the Exchange Act during the past 12 months (or for such shorter
        period
        that the registrant was required to file such reports), and (2) has been
        subject
        to such filing requirements for the past 90 days.
 Yes
        [x]
        No [ ]
 
 **APPLICABLE
        ONLY TO CORPORATE ISSUERS**
 
 State
        the
        number of shares outstanding of each of the issuers’ classes of common equity,
        as of the latest practicable date:
 
 Class
                  of Stock
              
              Outstanding
                  April 30, 2006Common
                  Stock ($.001 par value)
              
              
              47,744,729Preferred
                  Stock Class A ($.001 par value)
              
              
              1,000,000
  
  REPORTS
        TO SECURITY HOLDERS
 
 We
        are a
        reporting company under the requirements of the Securities Exchange Act of
        1934
        and will file quarterly, annual and other reports with the Securities and
        Exchange Commission. This quarterly report contains the required audited
        financial statements. We are not required to deliver a quarterly report to
        security holders and will not voluntarily deliver a copy of the quarterly
        report
        to security holders, except in connection with our annual meeting of
        shareholders. The reports and other information filed by us will be available
        for inspection and copying at the public reference facilities of the Commission,
        100 F Street, N.E., Washington, D.C. 20549.
 
 Copies
        of
        such material may be obtained by mail from the Public Reference Section of
        the
        Commission at 100 F Street, N.E., Washington, D.C. 20549, at prescribed rates.
        Information on the operation of the Public Reference Room may be obtained
        by
        calling the SEC at 1-800-SEC-0330. In addition, the Commission maintains
        a World
        Wide Website on the Internet at http://www.sec.gov that contains reports,
        proxy
        and information statements and other information regarding registrants that
        file
        electronically with the Commission.
 
 The
        rest of this page is left intentionally blank
  2
  HOUSERAISING,
        INC.
 FORM
        10-QSB
 
 For
        the
        Quarter ended March 31, 2006
 
 TABLE
        OF
        CONTENTS
 
 PageCautionary
                  Statement and Risk Factors that May Affect Future Results
              4PART
                  IITEM
                  1.
              Selected
                  Financial Statements
              5Balance
                  Sheet - March 31, 2006 (unaudited)
              5Statements
                  of Operations - Three Months Ended March 31, 2006 and 2005
                  (unaudited)
              6Statements
                  of Cash Flows - Three Months Ended March 31, 2006 and 2005
                  (unaudited)
              7Notes
                  to Financial Statements (unaudited)
              8ITEM
                  2.
              Management’s
                  Discussion and Analysis of Financial Condition and Plan of
                  Operations
              14ITEM
                  3.
              Controls
                  and Procedures
              19PART
                  IIITEM
                  1.
              Legal
                  Proceedings
              20ITEM
                  2.
              Changes
                  in Securities
              20ITEM
                  3.
              Default
                  Upon Senior Securities
              20ITEM
                  4.
              Submission
                  of Matters to a Vote of Security Holders
              21ITEM
                  5.
              Other
                  Information
              21ITEM
                  6.
              Exhibits
                  and Reports on Form 8-K
              22Signatures
              23
  3
  **Cautionary
        Statement and Risk Factors that May Affect Future Results**
 
 This
        report and other presentations made by HouseRaising, Inc. (“HRI” or “Company”)
        and its subsidiaries contain “forward-looking statements,” which include
        statements that are predictive in nature, depend upon or refer to future
        events
        or conditions, and usually include words such as “expects,” “anticipates,”
“intends,” “plans,” “believes,” “will,” “predicts,” “estimates,” “we believe,”
“the Company believes,” “management believes” or similar expressions. In
        addition, any statements concerning future financial performance (including
        future revenues, expenses, earnings or losses or growth rates), ongoing business
        strategies or prospects and possible future actions are also forward-looking
        statements. Forward-looking statements are based on current expectations
        and
        projections about future events and are subject to risks, uncertainties and
        the
        accuracy of assumptions concerning HRI and its subsidiaries, the performance
        of
        the industries in which it does business and economic and market factors,
        among
        other things. **These
        forward-looking statements are not guarantees of future
        performance.**
 
 Risks,
        uncertainties and other important factors that could cause actual results
        to
        differ materially from those in forward-looking statements and from historical
        results include, but are not limited to, the following:
 
 ·
              the
                  effect of changes in general and local economic and market conditions
                  where our operations are conducted and where prospective purchasers
                  of
                  homes live;·
              the
                  effects of weather and natural disasters or global developments,
                  including
                  the effects of terrorist acts and war on terrorism negatively affecting
                  local homebuilding industry and adversely affecting new home installation
                  market;·
              the
                  timing and extent of changes in interest rates;·
              negative
                  trends in residential homebuilding adversely affecting our
                  business;·
              actions
                  by competitors that negatively affect us—the homebuilding market is
                  extremely competitive, characterized by competition from a number
                  of
                  homebuilders in each market in which we operate, and there are
                  few
                  barriers to entry;·
              no
                  assurance that the Company will be able to recruit quality homebuilders
                  and sales personnel in order to meet the goals set forth in its
                  business
                  plan and planned rollout of Zone operations;·
              no
                  assurance that anticipated acquisitions will materialize and/or
                  be
                  successfully integrated into operations;·
              the
                  risks of suffering losses that are uninsured—construction defect and home
                  warranty claims arising in the ordinary course of business are
                  common in
                  the homebuilding industry and can be costly; if we are not able
                  to obtain
                  adequate insurance against these claims, we may experience losses
                  that
                  could hurt our business;·
              the
                  effects of changes in accounting principles applicable to HRI and
                  its
                  subsidiaries;·
              given
                  the prominence of the automated design/build system in HRI’s operations
                  and business plan, there is a risk that the Company may not complete
                  the
                  automated design/build system or generate significant retail sales
                  in the
                  future;·
              while
                  the company has filed a patent registration to protect its intellectual
                  property, until patent pending has been issued, HRI’s technology and
                  software are at risk of being copied by competitors;·
              HRI’s
                  success is impacted by the continued participation of its President,
                  Robert V. McLemore;·
              our
                  common stock trades on the over-the-counter market and is subject
                  to high
                  volatility; future sales of common stock could adversely affect
                  the stock
                  price;·
              HRI
                  provides S-8 shares as compensation for services rendered which
                  could
                  impact stock volatility and future issuance;·
              principal
                  stockholders control business affairs which means investors will
                  have
                  little or no participation in business;·
              the
                  risk that an investor in the Company will never see a return on
                  investment
                  and the stock may become worthless;·
              the
                  risk that the Company will be unable to obtain needed capital or
                  unable to
                  establish credit arrangements or extend existing arrangements on
                  satisfactory terms, which would require it to curtail
                  operations;·
              to
                  the extent additional capital is raised through the sale of equity
                  and/or
                  convertible debt securities, this could result in dilution to shareholders
                  and/or increased debt service;·
              we
                  have never paid dividends and do not intend to pay dividends for
                  the
                  foreseeable future given need to retain earnings to finance the
                  development and expansion of the business;·
              federal
                  and state governmental and regulatory actions, such as changes
                  in laws,
                  rules and regulations applicable to HRI and its subsidiaries (including
                  changes in taxation, environmental laws and regulations, immigration
                  laws,
                  occupational safety and health acts, workmen’s compensation statutes,
                  unemployment insurance and governmental fees and
                  assessments);·
              HRI
                  is a development stage company that has an independent auditor’s report
                  for fiscal 2005 that raises doubt about its ability to continue
                  as a going
                  concern (see independent auditor’s report and notes on management’s plan
                  for more details);·
              other
                  risks or uncertainties described elsewhere in this report and in
                  other
                  periodic reports previously and subsequently filed by HRI or its
                  predecessor company with the Securities and Exchange Commission
                  (SEC).
 
 Forward-looking
        statements speak only as of the date of the report, presentation or filing
        in
        which they are made. Except to the extent required by the federal securities
        laws, HRI and its subsidiaries undertake no obligation to publicly update
        or
        revise any forward-looking statements, whether as a result of new information,
        future events or otherwise.
  4
 
 **PART
        I**
 
 **ITEM
        1. SELECTED FINANCIAL STATEMENTS**
 
 **HouseRaising,
                  Inc. and Subsidiaries (A Development Stage
                  Company)****Consolidated
                  Condensed Balance Sheet (unaudited)****As
                  of March 31, 2006****ASSETS**CURRENT
                  ASSETSCash
                  and Cash Equivalents
              
              
              57,454Excess
                  costs over billings on uncompleted projects
              
              
              216,955Prepaid
                  Expenses
              
              
              125,025Accounts
                  Receivable
              
              
              22,918TOTAL
                  CURRENT ASSETS
              
              
              422,352PROPERTY
                  AND EQUIPMENTProperty
                  and
                  Equipment
              
              
              368,288Accumulated
                  Depreciation
              
              
              (131,511
              )Net
                  Property and Equipment
              
              
              236,777OTHER
                  ASSETSOther
                  Assets
              
              
              9,010Capitalized
                  Software
              
              
              11,069,483Net
                  Other Assets
              
              
              11,078,493TOTAL
                  ASSETS
              
              
              11,737,622**LIABILITIES
                  AND STOCKHOLDERS' EQUITY**LIABILITIESCurrent
                  Liabilities:Accounts
                  Payable and Accrued Expenses
              
              
              224,072Interest
                  Payable
              
              
              89,893Notes
                  Payable
              
              
              657,457Bank
                  Loan
              
              
              1,750,000TOTAL
                  LIABILITIES
              
              
              2,721,422STOCKHOLDERS'
                  EQUITYPreferred
                  Stock
                  ($.001 par value, 5,000,000 authorized:none
                  issued and outstanding)
              
              
              -Preferred
                  Stock
                  Class A Convertible ($.001 par value, 5,000,000
                  authorized:1,000,000
                  issued and outstanding)
              
              
              1,000Common
                  Stock Series A ($.001 par value, 90,000,000 shares authorized:45,927,852
                  shares issued and outstanding)
              
              
              45,928Common
                  Stock Subscribed but not Issued
              
              
              1,807,262Additional
                  Paid-in-Capital
              
              
              13,551,776Retained
                  Deficit
              
              
              (6,389,766
              )TOTAL
                  STOCKHOLDERS' EQUITY
              
              
              9,016,200TOTAL
                  LIABILITIES AND STOCKHOLDERS' EQUITY
              
              
              11,737,622
  The
        accompanying notes are an integral part of these consolidated financial
        statements.
  5
 
 **HouseRaising,
                  Inc. and Subsidiaries (A Development Stage
                  Company)**Consolidated
                  Statement of Operations (unaudited)For
                  the quarter ended March 31, 2006 and 20052006
              
              2005SALES
                  AND COST OF SALES:Sales
              
              $
              218,011
              
              $
              1,590Gross
                  Profit
              
              
              6,828
              
              
              342OTHER
                  REVENUES:Sales
                  and service fees
              
              
              59,625
              
              
              8,462Other
                  income
              
              
              0
              
              
              94NET
                  REVENUES
              
              
              66,453
              
              
              8,898OPERATING
                  EXPENSES:Selling,
                  general and administrative
              
              
              458,102
              
              
              467,114Consulting
                  fees
              
              
              141,949
              
              
              513,349600,051
              
              
              980,463OTHER
                  EXPENSE:Interest
                  expense
              
              
              30,831
              
              
              9,247NET
                  LOSS
              
              $
              (564,429
              )
              $
              (980,812
              )Net
                  Loss Per Common ShareBasic
                  & Fully Diluted
              
              
              *
              
              
              *Weighted
                  Average CommonShares
                  Outstanding (see Note G)
              
              
              45,377,509
              
              
              37,010,437*
                  Less than ($.01)
 
 The
        accompanying notes are an integral part of these consolidated financial
        statements.
  6
 
 **HouseRaising,
                  Inc. and Subsidiaries (A Development Stage
                  Company)****Statements
                  of Cash Flows (unaudited)****For
                  the quarter ended March 31, 2006 and 2005****2006**
              
              **2005**CASH
                  FLOWS FROM OPERATING ACTIVITIES:Net
                  loss
              
              $
              (564,429
              )
              $
              (980,812
              )Adjustments
                    to reconcile net loss to netcash
                    (used in) operating activities:Depreciation
              
              
              8,442
              
              
              7,558Common
                  stock issued for services and debt restructuring
              
              
              436,026
              
              
              1,086,047(Increase)
                  decrease in operating assets:
              
              
              -
              
              
              (88,000
              )Accounts
                  receivable
              
              
              (30,583
              )
              
              (59
              )Capitalized
                  software
              
              
              (349,783
              )
              
              (233,050
              )Excess
                  of costs over billings on uncompleted contracts
              
              
              -
              
              
              (4,204
              )Accounts
                  payable and accrued expenses
              
              
              (136,791
              )
              
              (5,343
              )NET
                  CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES
              
              
              (637,118
              )
              
              (217,863
              )CASH
                  FLOWS FROM INVESTMENT ACTIVITIES:Investment
                  in subsidiary operations
              
              
              (550
              )
              
              -Purchase
                  of property and equipment
              
              
              (5,411
              )
              
              (25,515
              )NET
                  CASH (USED IN) INVESTMENT ACTIVITIES
              
              
              (5,961
              )
              
              (25,515
              )CASH
                  FLOWS FROM FINANCING ACTIVITIES:Proceeds
                  from sale of common stock
              
              
              212,500
              
              
              -Borrowings
                  on notes payable
              
              
              195,650
              
              
              230,865NET
                  CASH PROVIDED BY FINANCING ACTIVITIES
              
              
              408,150
              
              
              230,865NET
                  INCREASE IN CASH ANDCASH
                  EQUIVALENTS
              
              
              234,929
              
              
              (12,513
              )CASH
                  AND CASH EQUIVALENTS:Beginning
                  of period
              
              
              292,383
              
              
              24,767End
                  of period
              
              $
              57,454
              
              $
              12,254
 
 The
        accompanying notes are an integral part of these consolidated financial
        statements.
  7
  **NOTES
        TO CONSOLIDATED FINANCIAL STATEMENTS**
 **(Unaudited)**
 
 **(1)
        Basis of presentation**
 
 The
        accompanying unaudited consolidated financial statements have been prepared
        in
        conformity with Generally Accepted Accounting Principles (“GAAP”) for interim
        financial information and with the instructions to SEC Form 10-QSB and Article
        10 of Regulation S-X. Accordingly, they do not include all of the information
        and footnotes required by GAAP for complete financial statements. In preparing
        the financial statements, management is required to make estimates and
        assumptions that affect the reported amounts of assets and liabilities and
        disclosure of contingent assets and liabilities at the date of the balance
        sheet
        and the reported amounts of revenues and expenses for the period. Actual
        results
        could differ significantly from those estimates. The accompanying unaudited
        consolidated financial statements should be read in conjunction with the
        audited
        consolidated financial statements and the notes thereto incorporated by
        reference in HRI’s Annual Report on SEC Form 10-KSB for the year ended December
        31, 2005.
 
 In
        the
        opinion of HRI’s management, the accompanying unaudited consolidated financial
        statements contain all material adjustments required by GAAP to present fairly
        the financial position of HRI and its subsidiaries as of March 31, 2006 and
        the
        results of their operations for the three months ended March 31, 2006 and
        2005
        and their cash flows for the three months ended March 31, 2006 and 2005.
        All
        such adjustments are of a normal recurring nature, unless otherwise disclosed
        in
        this Form 10-QSB or other referenced material. Results of operations for
        interim periods are not necessarily indicative of results for the full year.
 
 When
        required, certain reclassifications are made to the prior period’s consolidated
        financial statements to conform to the current presentation.
 
 **(2)
        Summary of Significant Accounting Policies**
 
 Business
        Activity —HouseRaising,
        Inc. (a Development Stage Company) and Subsidiaries is in the business of
        selling, designing and managing design/build and renovation projects and
        homebuilding solutions in the residential homebuilding market for homebuyers
        and
        homebuilders. HouseRaising, Inc. merged into Technology Connections, Inc.
        and
        changed the name to HouseRaising, Inc. (The Company).
 
 The
        Company provides a proprietary turnkey home design and build management system
        that it markets to regional homebuilders. Its customers are principally located
        in the Southeast USA with a current concentration in North and South Carolina.
 
 The
        following is a list of all subsidiaries of the Company:
  HouseRaisingAcademy,
                  LLC
              owned
                  100% by HouseRaising, Inc.HouseRaisingManagement,
                  LLC
              owned
                  100% by HouseRaising, Inc.HouseRaisingUSA,
                  LLC
              owned
                  100% by HouseRaising, Inc.HouseRaisingMembership,
                  LLC (2006)
              owned
                  100% by HouseRaising, Inc.HouseRaising
                  of Greater Charlotte, LLC
              owned
                  100% by HouseRaisingUSA, LLCHouseRaising
                  of Greenville, LLC
              owned
                  100% by HouseRaisingUSA, LLCHouseRaising
                  of Columbia, LLC
              owned
                  100% by HouseRaisingUSA, LLCHouseRaising
                  of Asheville, LLC
              owned
                  100% by HouseRaisingUSA, LLCHouseRaising
                  of Wilmington, LLC
              owned
                  100% by HouseRaisingUSA, LLCHouseRaising
                  of Myrtle Beach, LLC
              owned
                  100% by HouseRaisingUSA, LLCHouseRaising
                  of Charleston, LLC
              owned
                  100% by HouseRaisingUSA, LLCHouseRaising
                  of the Gulf Coast, LLC (2006)
              owned
                  100% by HouseRaisingUSA, LLC
 
 These
        limited liability companies provide managerial services to the Company’s
        homebuilding operations. These limited liability companies operate within
        specific guidelines and operating procedures established by HouseRaising,
        Inc.
        documents. The Company enters into a fee based management contract with each
        homebuilder that is required to be properly licensed. Each custom, design
        and
        built home is financed in the name of the homebuyer.
 
 In
        July
        2003, the Company formed 2 subsidiaries, HouseRaisingAcademy, LLC and
        HouseRaisingUSA, LLC. HouseRaisingAcademy, LLC develops and manages the
        Company’s internet based E-Learning and Homebuilder Management System (named
        System C) currently in development. HouseRaisingUSA, LLC is responsible for
        organizing and owning the regional limited liability companies. In 2006,
        the
        Company established two new limited liability companies (LLC) with the name
        HouseRaising of the Gulf Coast, LLC and HouseRaisingMembership, LLC. The
        Company
        is the 100% owner of all these LLCs.
  8
  **(2)
        Summary of Significant Accounting Policies (continued)**
 
 Cash
        and Cash Equivalents —For
        purposes of the Consolidated Statement of Cash Flows, the Company considers
        liquid investments with an original maturity of three months or less to be
        cash
        equivalents.
 
 Management’s
        Use of Estimates —The
        preparation of consolidated financial statements in conformity with accounting
        principles generally accepted in the United States of America requires
        management to make estimates and assumptions that affect the reported amounts
        of
        assets and liabilities and disclosures of contingent assets and liabilities
        at
        the date of consolidated financial statements and the reported amounts of
        revenues and expenses during the reporting period. Actual results could differ
        from those estimates.
 
 Revenue
        Recognition —The
        Company’s revenue is derived primarily from 1) providing general management of
        construction for new homes and renovation projects which reflect the home’s
        contract price, and 2) design and build management services (sales and service
        fee) to homebuilders and homebuyers on a percentage of such home’s contract
        price. In no event would the company record more than the home’s contract price
        for consolidation purposes in the event the company provides both general
        management and design/build services to the same project. Approximately 60%
        of
        the sales and service fee (which is typically 10% of the home’s contract price)
        is recognized in the initial construction stage. The balance of the Company’s
        management fee, approximately 40% of the sales and service fee is recognized
        at
        closing. Revenues and profits from general management of construction contracts
        are recognized on the completed-contract method and therefore when the project
        is completed (or closed). This method is used because financial position
        and
        results of operations do not vary significantly from those which would result
        from use of percentage-of-completion method and is conservative. A contract
        is
        considered complete when all costs except insignificant items have been incurred
        and the installation is operating according to specifications or has been
        accepted by the customer. Contract costs include all direct materials and
        labor
        costs and those indirect costs related to contract performance, such as indirect
        labor, supplies, tools, repairs, and depreciation costs. General and
        administrative costs are charged to expense as incurred. Costs in excess
        of
        amounts billed are classified as current assets under costs in excess of
        billings on uncompleted contracts. Billings in excess of costs are classified
        under current liabilities as billings in excess of costs on uncompleted
        contracts.
 
 Comprehensive
        Income (Loss) —The
        Company adopted Financial Accounting Standards Board Statement of Financial
        Accounting Standards (SFAS) No. 130, *“Reporting
        Comprehensive Income”* ,
        which
        establishes standards for the reporting and display of comprehensive income
        and
        its components in the consolidated financial statements. There were no items
        of
        comprehensive income (loss) applicable to the Company during the periods
        covered
        in the consolidated financial statements.
 
 Capitalized
        Software —Certain
        capitalized software assets have been contributed to the Company from related
        entities under common ownership and control. The capitalized software assets
        include certain external direct costs of materials and services consumed
        in
        developing internal-use software (System C) for home plans and designs, and
        operating systems and policies for homebuilders. These costs include payroll
        and
        payroll-related costs for employees and contractors who are directly associated
        with and who devote time to the internal-use computer software project (to
        the
        extent of the item spent directly on the project) during the application
        development stage. Training costs, data conversion costs, internal costs
        for
        upgrades and enhancements, and internal costs incurred for maintenance are
        all
        expensed as incurred. General and administrative costs and overhead costs
        are
        also expensed as incurred. The assets will commence amortization when the
        asset
        is considered to be in the post-implementation phase (i.e. when the development
        of internal use software is completed) which was originally projected to
        be in
        2005, but has been changed to 2006. At such time, the capitalized software
        costs
        will be amortized on a straight-line basis over the estimated economic life
        of
        the asset to be determined.
 
 S-8
        Share Payments —The
        Company currently provides S-8 registered shares as compensation for some
        services rendered as a means of conserving cash until it obtains adequate
        debt
        or equity financing. The Company accrues the value of services rendered as
        an
        expense or capital expenditure (when it is readily determinable and meets
        the
        tests under FASB No. 123) instead of the stock price at the time the shares
        are
        transferred. Contract personnel, consultants and vendors that receive such
        shares understand that there is risk associated with the volatility of the
        share
        price. In some cases there are “true-up” provisions which would result in more
        or less shares to be issued; however, the expense or capital expenditure
        would
        have already been reflected on the company’s financial statements at the time
        services were rendered.
 
 Advertising
        Costs —Advertising
        costs are expensed as incurred. The Company does not incur any direct-response
        advertising costs.
 
 Net
        Loss per Common Share —Statement
        of Financial Accounting Standard (SFAS) No. 128 requires dual presentation
        of
        basic and diluted earnings per share (EPS) with a reconciliation of the
        numerator and denominator of the EPS computations. Basic earnings per share
        amounts are based on the weighted average shares of common stock outstanding.
        If
        applicable, diluted earnings per share would assume the conversion, exercise
        or
        issuance of all potential common stock instruments such as options, warrants
        and
        convertible securities, unless the effect is to reduce a loss or increase
        earnings per share. This presentation has been adopted for the period presented.
        There were no adjustments required to net loss for the period presented in
        the
        computation of diluted earnings per share.
  9
  **(2)
        Summary of Significant Accounting Policies (continued)**
 
 Income
        Taxes —Income
        taxes are provided in accordance with Statement of Financial Accounting
        Standards (SFAS) No. 109, *“Accounting
        for Income Taxes.”* A
        deferred tax asset or liability is recorded for all temporary differences
        between financial and tax reporting and net operating
        loss-carryforwards.
 
 Deferred
        tax assets are reduced by a valuation allowance when, in the opinion of
        management, it is more likely than not that, and some portion or the entire
        deferred tax asset will not be realized. Deferred tax assets and liabilities
        are
        adjusted for the effect of changes in tax laws and rates on the date of
        enactment.
 
 Fair
        Value of Financial Instruments —The
        carrying amounts reported in the consolidated balance sheet for cash, accounts
        receivable and payable approximate fair value based on the short-term maturity
        of these instruments.
 
 Accounts
        Receivable —Accounts
        deemed uncollectible are written off in the year they become uncollectible.
 
 Impairment
        of Long-Lived Assets —The
        Company evaluated the recoverability of its property and equipment, and other
        assets in accordance with Statements of Financial Accounting Standards (SFAS)
        No. 121, *“Accounting
        for the Impairment of Long-Lived Assets to be Disposed of”* which
        requires recognition of impairment of long-lived assets in the event the
        net
        book value of such assets exceeds the estimated future undiscounted cash
        flows
        attributable to such assets or the business to which such intangible assets
        relate.
 
 Property
        and Equipment —Property
        and equipment is stated at cost. Depreciation is provided by the straight-line
        method over the estimated economic life of the property and equipment remaining
        from five to seven years.
 
 **(3)
        Recent Accounting Pronouncements**
 
 Recent
        Accounting Pronouncements —In
        June
        2001, the Financial Accounting Standards Board issued Statement of Financial
        Accounting Standards (SFAS) No. 143, *“Accounting
        for Asset Retirement Obligations”* which
        addresses the accounting and reporting for obligations associated with the
        retirement of tangible long-lived assets and the associated retirement costs.
        SFAS No. 143 requires that the fair value of a liability for an asset retirement
        obligation be recognized in the period in which it is incurred if a reasonable
        estimate of fair value cannot be made. SFAS No. 143 is effective for financial
        statements issued for fiscal years beginning after June 15, 2002. The Company
        does not expect SFAS No. 143 to have a material effect on its consolidated
        financial condition or consolidated cash flows.
 
 In
        August
        2001, the Financial Accounting Standards Board issued Statement of Financial
        Accounting Standards (SFAS) No. 144, *“Accounting
        for the Impairment or Disposal of Long-Lived Assets”.* SFAS No.
        144 generally establishes a standard framework to measure the impairment
        of
        long-lived assets and expands the Accounting Principles Board (“APB”) 30,
“Reporting the Results of Operations—Reporting the Effects of Disposal of a
        Segment of a Business, and Extraordinary, Unusual and Infrequently Occurring
        Events and Transactions” to include a component of the entity (rather than a
        segment of the business). SFAS No.144 is effective for financial statements
        issued for fiscal years beginning after December 15, 2001. The Company does
        not
        expect SFAS No. 144 to have a material effect on its consolidated financial
        condition and consolidated cash flows.
 
 In
        April
        of 2002, Statement of Financial Accounting Standards (SFAS) No. 145 was issued
        which rescinded SFAS Statements 4, 44, and 64, amended No. 13 and contained
        technical corrections. As a result of SFAS No. 145, gains and losses from
        extinguishments of debt will be classified as extraordinary items only if
        they
        meet the criteria in APB Opinion No. 30, that they are unusual and infrequent
        and not part of an entity’s recurring operations. The Company does not expect
        SFAS No. 145 to have a material effect on its financial condition or cash
        flows.
        The Company will adopt SFAS on January 1, 2004.
 
 In
        July
        of 2002, the Financial Accounting Standards Board issued Statement of Financial
        Accounting Standard (SFAS) No. 146, which addresses significant issues regarding
        the recognition, measurement, and reporting of costs that are associated
        with
        exit and disposal activities, including restructuring activities that are
        currently accounted for pursuant to the guidance that the Emerging Issues
        Task
        Force (EITF) has set forth in EITF Issue No. 94-3, *“Liability
        Recognition for Certain Employee Termination Benefits and Other Costs to
        Exit an
        Activity (Including Certain Costs Incurred in a Restructuring)”* .
        SFAS
        No. 146 revises the accounting for certain lease termination costs and employee
        termination benefits, which are generally recognized in connection with
        restructuring charges. The provisions of SFAS 146 are effective for exit
        or
        disposal activities that are initiated after December 31, 2002. The Company
        does
        not expect SFAS No. 146 to have an impact its financial
        statements.
  10
  **(3)** **Recent
        Accounting Pronouncements (continued)**
 
 In
        November 2002, the Financial Accounting Standards Board issued Interpretation
        No. 45 (FIN 45), “ *Guarantor’s
        Accounting and Disclosure Requirements for Guarantee, Including Indirect
        Guarantees or Indebtedness of Others”* ,
        which
        addresses the disclosures to be made by a guarantor in its interim and annual
        financial statements about its obligations under guarantees. FIN 45 also
        requires the recognition of a liability by a guarantor at the inception of
        certain guarantees that are entered into or modified after December 31, 2002.
        The adoption of this standard will not have an impact on the Company’s financial
        statements.
 
 In
        December 2002, the Financial Accounting Standards Board issued Statement
        of
        Financial Accounting Standard (SFAS) No. 148, *“Accounting
        for Stock-Based Compensation Transition and Disclosure”* —an
        amendment to SFAS No. 123 (SFAS No. 148), which provides alternative methods
        of
        transition for companies voluntarily planning on implementing the fair value
        recognition provisions of SFAS No. 123. SFAS No. 148 also revises the disclosure
        provisions of SFAS No. 123 to require more prominent disclosure of the method
        of
        accounting for stock-based compensation, and requiring disclosure of pro
        forma
        net income and earnings per share as if the fair value recognition provisions
        of
        SFAS No. 123 had been applied from the original effective date of SFAS No.
        123.
        The Company adopted the disclosures provisions of SFAS No. 148 for the quarters
        ending after December 15, 2002.
 
 In
        January 2003, the EITF released Issue No. 00-21, (EITF 00-21), *“Revenue
        Arrangements with Multiple Deliveries”* ,
        which
        addressed certain aspects of the accounting by a vendor for arrangement under
        which it will perform multiple revenue-generating activities. Specifically,
        EITF
        00-21 addresses whether an arrangement contains more than one unit of accounting
        and the measurement and allocation to the separate units of accounting in
        the
        arrangement. EITF 00-21 is effective for revenue arrangements entered into
        in
        fiscal periods beginning after June 15, 2003. The adoption of this standard
        will
        not have an impact on the Company’s financial statements.
 
 In
        May
        2003, the Financial Accounting Standards Board issued Statement of Financial
        Accounting Standards (SFAS) No. 149, *“Amendment
        of Statement 133 on Derivative Instruments and Hedging
        Activities.”* SFAS No.
        149 amends and clarifies accounting for derivative instruments, including
        certain derivative instruments embedded in other contracts, and for hedging
        activities under SFAS No. 133. SFAS No. 149 is effective for contracts entered
        into or modified after June 30, 2003 and for hedging relationships designated
        after June 30, 2003. The Company does not believe that there will be any
        impact
        on its financial statements.
 
 In
        May
        2003, the Financial Accounting Standards Board issued Statement of Financial
        Accounting Standards (SFAS) No. 150, *“Accounting
        for Certain Financial Instruments with Characteristics of both Liabilities
        and
        Equity.”* SFAS No.
        150 establishes standards for how companies classify and measure certain
        financial with characteristics of both liabilities and equity. It requires
        companies to classify a financial instrument that is within its scope as
        a
        liability (or an asset in some characteristics). SFAS No. 150 is effective
        for
        financial instruments entered into or modified after May 31, 2003. The standard
        will not impact the Company’s financial statements.
 
 **(4)
        Income Taxes**
 
 Due
        to
        the operating loss and the inability to recognize an income tax benefit
        therefrom, there is no provision for current or deferred federal or state
        income
        taxes for the years ended December 31, 2005 and 2004.
 
 Deferred
        income taxes reflect the net tax effects of temporary differences between
        the
        carrying amounts of assets and liabilities for financial reporting purposes
        and
        the amount used for federal and state income tax purposes.
 
 The
        Company’s total deferred tax asset, calculated using federal and state effective
        tax rates, as of December 31, 2005 is as follows:
 
 Total
                  deferred tax assets
              
              $
              2,200,000Valuation
                  allowance
              
              
              (2,200,000
              )Net
                  deferred tax asset
              
              $
              ----
  11
  **(4)
        Income Taxes (continued)**
 
 The
        reconciliation of income taxes computed at the federal statutory income tax
        rate
        to total income taxes for the years ended December 31, 2005 and 2004 is as
        follows:
 
 2005
              
              2004Income
                  tax computed at the federal statutory rate
              
              
              34
              %
              
              34
              %State
                  income taxes, net of federal tax benefit
              
              
              4
              %
              
              4
              %Valuation
                  allowance
              
              
              (38
              %)
              
              (38
              %)Total
                  deferred tax asset
              
              
              0
              %
              
              0
              %
 
 Because
        of the Company’s lack of earnings history, the deferred tax asset has been fully
        offset by a valuation allowance. The valuation allowance increased (decreased)
        by $1,550,000 and $351,000 in 2005 and 2004, respectively.
 
 As
        of
        December 31, 2005, the Company had federal and state net operating loss
        carryforwards in the amount of approximately $5,800,000, which expire at
        various
        times through the year 2025.
 
 **(5)
        Going Concern**
 
 As
        shown
        in the accompanying financial statements, the Company has recurring losses
        from
        operations to date. During 2005, the Company had a net loss of $4,120,994,
        a net
        deficiency of $5,828,863 and a net working capital deficit of $2,035,865. In the
        Company’s Annual Report on Form 10-KSB for the year ended December 31, 2005, the
        Company’s independent auditor noted in her opinion that ‘the Company has
        recurring losses and has yet to generate an internal cash flow that raises
        substantial doubt about its ability to continue as a going concern.” This is
        commonly known as a “going concern” qualification to an audit
        opinion.
 
 Management
        believes that actions presently being taken to raise equity capital, seek
        strategic relationships and alliances, and build its marketing efforts to
        generate positive cash flow provide the means for the Company to continue
        as a
        going concern. The financial statements do not include any adjustments that
        might result from the outcome of this uncertainty.
 
 **(6)
        Acquisition and related reorganization**
 
 On
        August
        4, 2005, the Company, LearnBytes, LLC, a North Carolina limited liability
        company (“LearnBytes”), and Grant Neerings, a resident of the state of North
        Carolina and sole member of LearnBytes (“Neerings”), simultaneously executed and
        closed the transactions contemplated by an Asset Purchase Agreement, dated
        as of
        August 1, 2005 (the “Agreement”), pursuant to which the Company acquired
        substantially all of the assets used and useful in the business of LearnBytes
        and assumed certain of its liabilities. LearnBytes was engaged in the Learning
        System Design and Implementation Business (the “Business”), and was an
        independent contractor of the Company whose responsibilities included the
        development and implementation of the Company’s System C software system that
        was designed to manage the homebuilding process for the Company’s customers.
 
 The
        aggregate purchase price (the “Purchase Price”) for the Business under the
        Agreement was 500,000 shares of restricted common stock of the Company, payable
        to LearnBytes as soon as practicable following the Closing. These shares
        are
        subject to complete forfeiture by LearnBytes in the event that Neerings does
        not
        remain a full-time consultant or an employee of the Company for a one-year
        period of time from the date of issuance. The shares are entitled to piggy-back
        registration rights that commence one year from the date of Closing. As
        additional consideration for the purchase of the Business, the Company assumed
        $6,490 in accounts payable of LearnBytes and a total of $5,260 in accounts
        receivable of LearnBytes.
 
 As
        part
        of the Agreement, Neerings and the Company entered into a Consultant Agreement,
        dated as of August 1, 2005 (the “Consultant Agreement”), pursuant to which
        Neerings agreed to provide the services outlined in Exhibit A to the Consultant
        Agreement for a five-year period of time commencing on the date of the
        Consultant Agreement. In consideration for such services, Neerings will be
        compensated at a rate of $120,000 per year in cash or S-8 stock. When the
        Company obtains and closes on a Qualified Financing (as defined), Neerings’
compensation will increase to $200,000 per year. In addition, among other
        things, Neerings will be entitled to warrants to purchase 2,000,000 shares
        of
        common stock of the Company exercisable for a ten year term, 1,000,000 of
        which
        are exercisable at $0.50 per share, and 1,000,000 of which are exercisable
        at
        $1.00 per share. The warrants will be earned and vested in an amount equal
        to
        one-fifth on each anniversary date of the Agreement.
 **(7)
          Segment Reporting**
 
 In
          June
          1997, the Financial Accounting Standards Board issued Statement of Financial
          Accounting Standards No. 131, *“Disclosures
          about Segments of an Enterprise and Related Information.”* This
          statement requires companies to report information about operating segments
          in
          interim and annual consolidated financial statements. It also requires
          segment
          disclosures about products and services, geographic areas and major customers.
          The Company determined that it did not have any separately reportable operating
          segments as of March 31, 2006 and 2005.
 
 **(8)
          Equity**
 
 During
          2005, the Company issued 8,125,652 common shares for services (consulting,
          marketing, legal fees, salaries, capitalized software system). During 2004,
          the
          Company issued 19,299,064 common shares—7,512,034 for cash, services and debt to
          equity conversions and 11,787,030 pertaining to the
          merger.
  12
  
 **(9)
        Non-Qualified Stock Compensation Plan**
 
 On
        November 23, 2005, the Company adopted Amendment Number 3 to its 2004
        Non-qualified Stock Compensation Plan (Stock Plan) where the Company may
        compensate key employees, advisors, and consultants by issuing them shares
        of
        its capital stock or options to purchase shares of its capital stock in exchange
        for services rendered and to be rendered and thereby conserve the Company’s cash
        resources. The Company has reserved an additional 2,000,000 shares of its
        $.001
        par value Common Stock for these purposes. The Stock Plan will not exceed
        30% of
        its outstanding common stock at any given time.
 
 **(10)
        Development Stage Company**
 
 The
        Company is in the development stage as of March 31, 2006 and to date has
        had no
        significant operations. Recovery of the Company’s assets is dependent on future
        events, the outcome of which is indeterminable. In addition, successful
        completion of the Company’s development program and its transition, ultimately,
        to attaining profitable operations is dependent upon obtaining adequate
        financing to fulfill its development activities and achieving a level of
        sales
        adequate to support the Company’s cost structure.
 
 **(11)
        Commitments/Leases**
 
 On
        November 1, 2005, HouseRaising entered
        into a Lease Agreement (“Lease”) whereby the Company agreed to lease the entire
        second floor at Independence Tower (approximately 11,000 square feet) located
        at
        4801 E. Independence Boulevard, Charlotte, NC for an annual rent obligation
        of
        approximately $100,000. HouseRaising will utilize this additional space for
        estimators and designers recruited to support the Company’s Gulf Coast
        initiative and a sales and product display center to support operations in
        North
        and South Carolina. The space will continue to serve as corporate headquarters
        for HouseRaising, Inc. and HouseRaisingAcademy, which include the Company’s
        recent consolidation of its acquisition of LearnBytes, LLC.
 
 The
        Company also has one vehicle under leases that has been classified as an
        operating lease expiring in September 2006. Payment due under the lease is
        $1,384 per month. In
        December 2005, the Company entered into a lease agreement. The agreement
        is for
        the lease of computer equipment. The monthly payments are $2,227.03 per month
        for 48 months. Monthly payments will begin in 2006. In October 2005, the
        Company
        entered into a lease agreement. The agreement is for the lease of computer
        hardware and software. The monthly payments are $560.68 per month for 24
        months.
        In September 2005, the Company entered into a lease agreement. The agreement
        is
        for the lease of computer hardware and software. The monthly payments are
        $248.53 per month for 24 months.
 
 **(12)
        Notes Payable**
 
 **Notes
        payable at March 31, 2006 consist of the following:**
 
 Unsecured
                  note payable to an unrelated party.Bearing
                  8% interest.
              
              $
              5,640Unsecured
                  note payable to an unrelated party.Bearing
                  8% interest.
              
              $
              13,177Secured
                  note payable to an unrelated party.Bearing
                  15% interest.
              
              $
              155,000
                  **Secured
                  note payable to an unrelated party.Bearing
                  18% interest. Note matures April 2005.
              
              $
              91,500
                  **Unsecured
                  note payable to an unrelated party.Bearing
                  0% interest.
              
              $
              1,851
                  **Secured
                  demand note payable to a related party.Bearing
                  6% interest.
              
              $
              401,402Total
                  Current Portion
              
              $
              668,570
 
 **
        On the
        0% interest bearing notes, the Company imputed interest on the notes using
        a
        rate of 6%. The effects of these notes are included in the consolidated
        financial statements therein. In
        March,
        2006 the Registrant offered its bridge lenders the opportunity to convert
        their
        outstanding notes payable into shares of common stock and warrants on the
        same
        terms as the Registrant’s private placement offering.  Between
        March 13, 2006 and March 23, 2006, the Registrant came to an agreement to
        this
        conversion with four bridge lenders, which would call for the issuance of
        425,000 shares of common stock and an equal amount of warrants under this
        offering in exchange for a reduction of $212,500 in bridge loans and accumulated
        interest. (See Part II, Item 2: “Changes in Securities” for further details on
        this transaction.)
 
 **(13)
        Line Of Credit**
 
 The
        Company obtained a line of credit with Wachovia Bank, NA. The line of credit
        has
        been secured with 6,704,040 shares of the Company’s stock as collateral. The
        shares being used as collateral are owned by the trust of one of the Company’s
        officers and major shareholders. The interest rate on the line of credit
        is
        equal to 1-month LIBOR plus 2.75%. All interest and principal are due July
        31,
        2006.
  13
  **ITEM
        2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND PLAN OF
        OPERATIONS.**
 
 **Management’s
        Discussion and Analysis of Financial Condition and Results of Operations
        for
        March 31, 2006**
 
 *(The
        following discussion should be read in conjunction with the Financial Statements
        and related notes thereto included elsewhere in this section.)*
 
 **EXECUTIVE
        OVERVIEW & STRATEGY**
 
 HouseRaising,
        Inc. is a development stage company in the business of selling, designing
        and
        managing design/build and renovation projects and homebuilding solutions
        in the
        residential homebuilding market for homebuyers and homebuilders. HouseRaising’s
        core business is to create revenues and profits from use of its proprietary
        software functioning exclusively within the custom homebuilding arena. The
        Company owns a proprietary invention created to alter and improve the way
        custom
        homes are designed and built. The invention serves to connect hundreds of
        small
        builders and thousands of vendors to homebuyers in a revolutionary process.
        The
        invention has been developed into internal-use software. This management
        software is used as a tool to define 3,400 tasks in the designing and building
        process and as a school to cause precise steps to be performed in each task.
        In
        early 2005, the company filed patent applications on its invention and expects
        to begin producing revenues utilizing the software in 2006.
 
 On
        February 19, 2004, HouseRaising executed an Agreement and Plan of Merger
        (“the
        Merger”) to which HRI agreed to merge with and into Technology Connections, Inc.
        This transaction was structured as a reverse acquisition whereby the existing
        shareholders of HouseRaising obtained control of Technology Connections,
        Inc.
        and the resulting entity agreed to change its name to HouseRaising, Inc..
        On
        August 31, 2004, the Merger was consummated when Articles of Merger were
        filed
        by the parties with the Secretary of State of North Carolina.
 
 HouseRaising’s
        principal focus is implementing its business plan. Beginning in 2004,
        HouseRaising commenced sales of new home and renovation projects utilizing
        a
        manual version of the system through an operating subsidiary which confirmed
        its
        business model. In 2005, the Company focused its attention on completing
        its
        management software system, starting to use the system to manage new home
        and
        renovation projects and develop an operating team to implement its business
        plan. In 2006, the Company has commenced rolling out its Custom Homebuilding
        Operations in the Carolinas and Gulf Coast region and started marketing
        Builder-memberships and Satellite Homebuilding Services. In addition, the
        Company customized a version of its software to facilitate managing disaster
        relief projects for the Gulf Coast region. The Company has established an
        office
        in Gulfport, Mississippi and engaged an executive to implement its programs.
 
 **How
        We Do It:**
 
 At
        a cost
        of over $10 million, HouseRaising developed 4 decades and thousands of custom
        homebuilding experiences into a management system and support process. Builders
        are provided access to the Internet-based operation through fee structured
        memberships. HouseRaising converts a portion of the HR builder-members into
        HouseRaising affiliated relationships. The affiliated builders and their
        customers contract with HouseRaising to manage the building of their dream
        home.
 
 The
        HouseRaising system represents a tried and proven method that provides users
        a
        way to manage emotional issues faced in every design/build project. Regardless
        of the price, style or location of the home under contract, the management
        process is the same. Turning a complicated custom home project into an organized
        and manageable project becomes a process of HouseRaising’s staff importing
        required data into the system. Through contracts, forms, reports and online
        educational components, the software automatically assigns precise steps
        and
        procedures that each party will follow. This process allows homebuyers and
        builders to conduct business fairly and enjoyably, building complicated projects
        at fair prices.
 
 **Customer
        Value Proposition:**
 
 HouseRaising
        reduces the cost of unique homes through its patent-pending Design & Price
        ModuleTM and management system. Additional savings occur from HouseRaising’s
        network of affiliated vendors on the national, zone and local levels. By
        combining the needs of thousands of small builders and homebuyers, HRI produces
        economies of scale that reduce direct and indirect costs of the project.
        Depending on the design structure selected by the homeowners, System C can
        lower
        the home’s total costs by up to 10%.
  14
  **HRI
        Revenue Streams:**
 
 Due
        to
        technological advantages designed into its software, HouseRaising is a
        multi-faceted company with operating revenues from four separate sources
        and
        marketing strategies. Each revenue source serves the design/build segment
        of the
        homebuilding industry.
 
 (1) ***Revenues
        from Custom Homebuilding Operations:*** Operating within zone territories through a wholly-owned subsidiary,
        HouseRaisingUSA, LLC, HRI designs and builds custom homes and renovations
        for
        homeowners. The company has sales efforts underway in the Carolinas and has
        recently initiated sales efforts in the Gulf Coast area. HouseRaising has
        identified an additional 30 potential zone locations nationally. Revenues
        represent the sales price of these projects as completed.
 
 (2) ***Revenues
        from Builder-Memberships:*** HouseRaising creates revenues by offering membership opportunities to the
        approximate 250,000 licensed homebuilders operating in the United States
        through
        a wholly-owned subsidiary, HouseRaisingMembership, LLC. HouseRaising believes
        that 25,000 homebuilders could reasonably become members and benefit from
        educational materials and financial advantages. Members receive savings through
        insurance programs and from economies of scale created by HouseRaising’s vendor
        relationships. This Internet-based revenue stream represents the price builders
        pay HouseRaising for memberships.
 
 (3) ***Revenues
        from Satellite Homebuilding Services:*** Operating outside of established zone territories, HouseRaising performs
        the
        role of general manager of projects through satellite or independent builder
        relationships. On a national basis, satellite and independent builders contract
        to have HouseRaising design, price and manage home projects with its software.
        This revenue stream represents fees charged independent builders as a percentage
        of the sales price of the project.
 
 (4) ***Revenues
        from HouseRaisingAcademy (“HRA”):*** HRA is a
        wholly-owned subsidiary that was formed through the acquisition of assets
        and
        intellectual capital of LearnBytes, LLC in mid-2005. HRA is focused on
        developing and managing HouseRaising’s unique managed service software. The
        Academy’s team of specialists and IT experts manage the Academy as a “tool” and
        a “school” utilized by HRI entities on all projects. HRA receives a service fee
        on the price of all design/build projects. There will be opportunity to earn
        fees through certifying builders and through seminar fees from both homebuyers
        and homebuilders who want to learn more about the custom homebuilding industry
        via the Internet.
 
 **HRI
        Market Potential:**
 
 Management
        estimates that there is a substantial market for its design/build services,
        which will be accessed through affiliated relationships with small, hands-on
        builders who commit to conduct the business of building homes the HouseRaising
        way. Management believes this market exists based on the size of the current
        design/build market and its anticipated growth over the next five years.
        Of the
        500,000 custom-home projects built by approximately 250,000 small builders
        in
        America each year, every one of them could benefit from HouseRaising’s managed
        services. Routinely, design/build projects begin as contracts with
        small-to-medium sized homebuilding contractors who commit to build these
        complicated projects. However, these builders fail at alarming rates and
        their
        homebuyers claim the building experiences were nightmares. HouseRaising’s
        proprietary process allows small builders to predict outcomes of their pre-sold
        projects. A 1% share of this market equals approximately $2.5 billion in
        home
        sales. HouseRaising is developing the first version of its software to target
        a
        1% market share of custom home projects.
 
 **The
        HR Builder Story:**
 
 Throughout
        the country, custom homebuyers will continue to purchase lots and build primary
        and secondary homes. They are building in resort areas, on special lots
        purchased in the mountains and in coastal areas where they design and build
        the
        home of their dreams. Additionally, families living in urban and suburban
        areas
        throughout America will continue to locate further and further away from
        large
        metropolitan areas. Developers are finding customers to purchase lots in
        golf
        course communities developed in rural areas, which entail drives of close
        to an
        hour from the city.
 
 If
        you
        help a builder of custom homes save money on purchasing materials, you assist
        him in reducing the costs of a project. However, in addition to those savings,
        if you help him learn how to embrace and overcome the many obstacles in the
        custom-home business you have provided the builder a pathway to success.
        By
        combining the needs of many small builders into a national membership
        organization, business opportunities occur that were never available before.
        When these things occur, HouseRaising has helped a small builder create a
        career
        that can last a lifetime.
 
 **A
        Builder’s Home:**
 
 HouseRaising
        is a place where builders go to find solutions, to get support, to share
        ideas
        and to gain knowledge. Creative builders seeking to build special homes for
        caring families come to HouseRaising for support and assistance. Today,
        HouseRaising is that team leader- operating as a 21st Century company focused
        on
        recreating the proud tradition of organizing groups of experts helping customers
        design and build unique homes “for all the right reasons.”
  15
  **Who
        Pays HRI?:**
 
 Builders
        pay HouseRaising to join as a member and pay monthly membership fees. If
        members
        in good standing convert to satellite or associate builder relationships,
        HouseRaising is paid for support and services from the total amount due builder
        in the contract price of the project. In other words, other than membership
        fees, homebuyers pay HouseRaising through designing and building quality
        projects with the assistance of affiliated vendors and builders. Key to
        HouseRaising’s success, the contract price of the home, including the amount
        paid to HR for management platform services provided directly to the project,
        represents a savings to the buyers of close to 10% over comparable prices
        from
        independent builders.
 
 **RESULTS
        OF OPERATIONS FOR YEAR ENDED MARCH 31, 2006 COMPARED TO MARCH 31,
        2005**
 
 **Sales**
 
 The
        Company reports total project sales based on the contract amount due to design
        and build project, in the quarter in which the sale is completed and closed.
        HouseRaising had new home and renovation sales of $218,011 for the period
        ended
        March 31, 2006, compared to $1,590 for the same period in 2005. This represents
        almost one hundred fold increase in sales. Sales increased due to closing
        on new
        construction and remodeling projects in the greater Charlotte area started in
        the second half of 2005. All sales were from unrelated third parties and
        were
        made primarily to new home buyers and remodeling work. In the first quarter
        of
        2006, the Company has already obtained new contracts totaling approximately
        $3,000,000 in sales that are projected to be completed over the next 12 months,
        which reflects a $1,000,000 increase from the number reported in our Annual
        Report on 10-KSB for the period ending December 31, 2005 as filed on March
        31,
        2006. On average these new construction projects are completed within 9
        months.
 
 **Gross
        Profits**
 
 The
        Company earns profits as the net difference of project’s sales price and total
        costs including fees. The company conducts design/build projects with various
        affiliated builder relationships. Costs associated with in-house builder
        relationships are part of the projects total costs and HouseRaising’s profit is
        the difference in the sales price and all direct costs and fees. In a builder
        partnership relationship the company divides profits with the builder, which
        is
        accounted as a cost to the project. HRI’s profit represents the sales price less
        all costs, with the builder share of the profits listed as a cost to the
        project. HouseRaising had gross profits of $6,828 for the period ended March
        31,
        2006 compared to $342 for the same period in 2005. The increase is principally
        due to the higher sales. We expect gross profits will increase commensurate
        with
        new contract sales.
 
 **Sales
        and Service Fee Revenues**
 
 Sales
        and
        service fee revenues from pre-sold projects consist of sales commissions,
        architectural design fees, engineering fees, and a series of project
        coordinating expenses charged to each design/build project. These fees are
        built
        into the projects total price with homebuyers paying these charges at the
        beginning of construction. The fees are a direct cost to the project. The
        sales
        and service fees of $59,625 recorded in the first quarter of 2006 associated
        with new and on-going projects that are expected to be completed in 2006.
        This
        compared to sales and service fees of $8,462 recorded in the first quarter
        of
        2005. Going forward we would expect sales and service fee revenue to continue
        to
        grow commensurate with increases in new contract sales.
  **Other
        Income**
 
 The
        Company earned $0 in consulting income for the period ending March 31, 2006,
        compared to $94 for the same period in 2005. We would not expect this to
        increase in 2006 as we implement our business plan.
 
 **Net
        Revenues**
 
 HouseRaising’s
        net revenues were $66,453 for the first quarter ended March 31, 2006 compared
        to
        $8,898 for 2005. The net revenues generated in 2006 were solely due to new
        home
        construction and renovation projects. We would expect our net revenues to
        continue to grow as we obtain new construction and remodeling work in 2006
        and
        commence roll-out of the Company’s membership and satellite builder
        operations.
  16
  **Expenses**
 
 Total
        expenses for the quarter ended March 31, 2006 was $600,051 compared to $980,463
        for the same period in 2005. The decrease in expenses was due to a substantial
        decrease in consulting fees from the first quarter of 2005 to 2006. Consulting
        fees reflects business consulting services and investor relations expenses
        which
        decreased to $141,949 in the first quarter, 2006 from $513,349 in the first
        quarter 2005. This is principally because the company had already extended
        considerable efforts in investor relations and business consulting services
        in
        subsequent quarters in 2005 and is not expected to reoccur.
 
 Selling,
        general and administrative expenses were roughly the same for the period
        ending
        March 31, 2006 versus 2005. These expenses reflect costs related to developing
        HouseRaising’s Carolinas zone and design/build operations in Charlotte, NC,
        including advertising, costs for personnel and contractors who are directly
        associated with and who devote time to selling, designing and building pre-sold
        homes and renovation projects in the Greater Charlotte region. These expenses
        also include general business and executive management to raise capital for
        implementation of its business plan.
 
 Due
        to
        our start up efforts, we issued shares of common stock to professionals and
        consultants for their marketing, investor relations and general business
        consulting. All of our accounts payable and accrued expenses are trade payables
        in connection within the course of business. We expect to develop additional
        revenue sources consistent with these expense levels as we roll out our business
        plan in 2006, including the Company’s new membership and satellite builder
        operations.
 
 **Other
        Expense**
 
 HouseRaising
        had interest expense of $30,831 for the quarter ended March 31, 2006 compared
        to
        $9,247 for the same period in 2005. The interest recorded in the first quarter
        of 2006 was principally for the company’s line of credit with Wachovia Bank and
        some interest associated with the bridge lenders. The interest recorded in
        2005
        was principally to reimburse bridge lenders of HouseRaising as well as to
        the
        Technology Connections predecessor entity. The Company has offered bridge
        lenders an opportunity to enter into an equity-for-debt swap as part of the
        company’s private placement offering and several bridge lenders have agreed to
        do this. Going forward we would expect this level of interest expense to
        subside
        as those debt obligations are retired, unless the company cannot obtain
        additional equity financing and must resort to borrowing additional funds.
 
 **Income
        / Losses**
 
 The
        net
        loss for the quarter ended March 31, 2006 was $564,429 versus a net loss
        of
        $980,812 in the same period in 2005, a decrease of over 40% or $416,383.
        The
        decrease in net losses is directly attributable to an increase in sales
        associated with new construction and remodeling projects, sales and service
        fees
        associated with those same projects and a decrease in consulting fees. Future
        income/losses will depend on the success of implementing the company’s business
        plan in 2006. The company does already have approximately $3,000,000 of new
        home
        construction work in process for 2006 which is a $1,000,000 increase from
        year-end and consistent with implementing our business plan. The actual sales
        will be recorded upon completion of each project while sales and service
        revenue
        will be recorded as earned. There is no guarantee that all of these projects
        will be completed in 2006.
 
 **Impact
        of Inflation**
 
 We
        believe that inflation has had a negligible effect on operations since
        inception. We believe that we can offset inflationary increases in the cost
        of
        labor by increasing sales and improving operating efficiencies.
 
 **Liquidity
        and Capital Resources**
 
 Cash
        flows used in operations were $637,118 for the period ended March 31, 2006
        versus $217,863 for the same period in 2005. This reflects a net increase
        in
        cash used by operations of $419,255 principally due to an increase in payments
        for capitalized software for the quarter and decrease in common stock issued
        for
        services offset by a decrease in net operating loss.
 
 Cash
        flows used in investment activities were $5,961 and $25,515 for the quarter
        ended March 31, 2006 and 2005, respectively. This was principally due to
        investments in property and equipment for the company.
 
 Cash
        flows provided by financing activities were $408,150 and $230,865, respectively,
        for the quarter ended March 31, 2006 and 2005. The increase was principally
        due
        to issuance of common stock associated with the equity-for-debt swap with
        the
        company’s bridge lenders that occurred in the first quarter, 2006 (see Note 12
        of Notes to Consolidated Financial Statements and Part II, Item 2 Changes
        in
        Securities for more information).
  17
  We
        had
        cash on hand of $57,454 and a working capital deficit of $2,299,070 as of
        March
        31, 2006 which is not sufficient to fund our operations through the next
        twelve
        months. Our working capital deficit is due to current obligations in accounts
        payable and notes payable from the bridge lenders and line of credit from
        Wachovia Bank. In early 2006, the Company entered into agreements with some
        of
        the bridge lenders to convert their debt obligations into restricted stock
        of
        the company and warrants for future purchase of restricted stock of the company
        through our Private Placement Memorandum which is further described under
        Note
        12 of the Notes to Consolidated Financial Statements and Part II, Item 2
        Changes
        in Securities.
 
 Overall,
        we have funded our cash needs from inception through March 31, 2006 with
        a
        series of debt and equity transactions. The Company’s principal source of
        working capital in 2005 and 2006 was a loan made by the Company’s founder, a
        line of credit established with Wachovia Bank, the sales of the company’s
        Private Placement Memorandum to accredited investors, commitments from vendors
        to develop HouseRaising’s software system in exchange for shares of stock, and
        fee revenues and profits from existing new home and renovation sales. In
        addition, some Management and independent contractors providing services
        to the
        company have agreed to accept shares as a means of paying for critical services
        to implement its business plan. The Company has limited plans to hire additional
        employees until Management is successful in securing a capital infusion.
        We have
        not entered into any commitments for significant capital expenditures, except
        the on-going software development project previously mentioned.
 
 Going
        forward we will rely substantially on new revenue from our business development
        efforts; however, we have no current or projected capital reserves that will
        sustain our business for the next twelve months. The company does have
        approximately $3,000,000 of new home construction work in process for 2006
        and a
        pipeline of prospective customers which is consistent with implementing our
        business plan. Actual sales will be recorded upon completion of each project
        while sales and service revenue will be recorded as earned. If the projected
        revenues fall short of needed capital we may not be able to sustain our cash
        needs for the next twelve months. To date, the company has had investors
        willing
        to contribute equity to finance on-going operations. However, such parties
        are
        under no legal obligation to provide us with future capital infusions. If
        we are
        unable to receive additional cash infusions from these parties, we will need
        to
        obtain additional capital through equity or debt financing to sustain
        operations. Failure to obtain such financing could have a material adverse
        effect on operations and financial condition.
 
 Accordingly,
        the company is seeking additional debt or equity financing or funding from
        third
        parties, in exchange for which the company might be required to issue a
        substantial equity position. There is no assurance that the company will
        be able
        to obtain additional financing on terms acceptable to its Management. If
        Management is successful in obtaining additional funding, these funds will
        be
        used primarily to expand sales and marketing efforts of its homebuilding
        operations (new home and renovation sales) in the Carolinas (covering North
        and
        South Carolina) and the Gulf Coast region, implementing marketing and sales
        for
        its membership and satellite builder programs in the southeast and eventually
        nationally, on-going software development to improve its system and to provide
        working capital needed for repayment of outstanding notes payable. The Company
        also continues to explore acquisition opportunities that may assist in the
        successful implementation of its business plan (see Note 9B Other Matters
        for
        further discussion on this item).
 
 Demand
        for our services will be dependent on, among other things, market acceptance
        of
        our services, the real estate market in general, and general economic
        conditions, which are cyclical in nature. Inasmuch as a major portion of
        our
        activities is the receipt of revenues from the sales of new home services,
        our
        business operations may be adversely affected by our competitors and prolonged
        recessionary periods. The company has provided a detailed list of risks and
        cautionary statements at the beginning of this document.
  18
  **ITEM
        3. CONTROLS AND PROCEDURES**
 
 *QuarterlyEvaluation
        of Controls* .
        As of
        the end of the period covered by this quarterly report on Form 10-QSB, we
        evaluated the effectiveness of the design and operation of our disclosure
        controls and procedures ("Disclosure Controls"). This evaluation (“Evaluation”)
        was performed by our Chairman and Chief Executive Officer, Gregory J. Wessling,
        and President and Founder, Robert V. McLemore (jointly known as “CEO”), our
        Chief Financial Officer, Richard A. von Gnechten (“CFO”) and our Chief
        Administrative Officer, Christine M. Carriker. In addition, we have discussed
        these matters with our securities counsel. In this section, we present the
        conclusions of our CEO and CFO based on and as of the date of the Evaluation
        with respect to the effectiveness of our Disclosure Controls.
 
 *CEO
        and CFO Certifications* .
        Attached to this quarterly report, as Exhibits 31.1 through 31.4, are certain
        certifications of the CEO and CFO, which are required in accordance with
        the
        Exchange Act and the Commission's rules implementing such section (the "Rule
        13a-14(a)/15d-14(a) Certifications"). This section of the quarterly report
        contains the information concerning the Evaluation referred to in the Rule
        13a-14(a)/15d-14(a) Certifications. This information should be read in
        conjunction with the Rule 13a-14(a)/15d-14(a) Certifications for a more complete
        understanding of the topic presented.
 
 *Disclosure
        Controls* .
        Disclosure Controls are procedures designed with the objective of ensuring
        that
        information required to be disclosed in our reports filed with the Commission
        under the Exchange Act, such as this quarterly report, is recorded, processed,
        summarized and reported within the time period specified in the Commission's
        rules and forms. Disclosure Controls are also designed with the objective
        of
        ensuring that material information relating to us is made known to the CEO
        and
        the CFO by others, particularly during the period in which the applicable
        report
        is being prepared.
 
 *Limitations
        on the Effectiveness of Controls* .
        Our
        management does not expect that our Disclosure Controls will prevent all
        error
        and all fraud. A control system, no matter how well developed and operated,
        can
        provide only reasonable, but not absolute assurance that the objectives of
        the
        control system are met. Further, the design of the control system must reflect
        the fact that there are resource constraints, and the benefits of controls
        must
        be considered relative to their design and monitoring costs. Because of the
        inherent limitations in all control systems, no evaluation of controls can
        provide absolute assurance that all control issues and instances of fraud,
        if
        any, within the Company have been detected. These inherent limitations include
        the realities that judgments in decision-making can be faulty, and that
        breakdowns can occur because of simple error or mistake. Additionally, controls
        can be circumvented by the individual acts of some persons, by collusion
        of two
        or more people, or by management override of the control. The design of a
        system
        of controls also is based in part upon certain assumptions about the likelihood
        of future events, and there can be no assurance that any design will succeed
        in
        achieving its stated objectives under all potential future conditions. Over
        time, control may become inadequate because of changes in conditions, or
        because
        the degree of compliance with the policies or procedures may deteriorate.
        Because of the inherent limitations in a cost-effective control system,
        misstatements due to error or fraud may occur and not be detected.
 
 *Scope
        of the Evaluation* .
        The CEO
        and CFO's evaluation of our Disclosure Controls included a review of the
        controls' (i) objectives, (ii) design, (iii) implementation, and (iv) the
        effect
        of the controls on the information generated for use in this quarterly report.
        In the course of the Evaluation, the CEO and CFO sought to identify data
        errors,
        control problems, acts of fraud, and they sought to confirm that appropriate
        corrective action, including process improvements, was being undertaken.
        This
        type of evaluation is done on a quarterly basis so that the conclusions
        concerning the effectiveness of our controls can be reported in our quarterly
        reports on Form 10-QSB and annual reports on Form 10-KSB. The overall goals
        of
        these various evaluation activities are to monitor our Disclosure Controls,
        and
        to make modifications if and as necessary. Our intent in this regard is that
        the
        Disclosure Controls will be maintained as dynamic systems that change (including
        improvements and corrections) as conditions warrant.
 
 *Conclusions.* Based
        upon the Evaluation, our disclosure controls and procedures are designed
        to
        provide reasonable assurance of achieving our objectives. Our CEO and CFO
        have
        concluded that our disclosure controls and procedures are effective at that
        reasonable assurance level to ensure that material information relating to
        the
        Company is made known to management, including the CEO and CFO, particularly
        during the period when our periodic reports are being prepared, and that
        our
        Internal Controls are effective at that assurance level to provide reasonable
        assurance that our financial statements are fairly presented in conformity
        with
        accounting principals generally accepted in the United States. Additionally,
        there has been no change in our Internal Controls that occurred during our
        most
        recent fiscal quarter that has materially affected, or is reasonably likely
        to
        affect, our Internal Controls.
  19
  **PART
        II**
 **ITEM
        1. LEGAL PROCEEDINGS.**
 
 In
        the
        matter of Nite Capital, LP, Plaintiff v. Robert V. McLemore and HouseRaising,
        Inc., Defendants, 05C 3757:
 On
        April
        12, 2006, HouseRaising received notice that the U.S. District Court for the
        Northern District of Illinois, Eastern Division granted the motion of Nite
        Capital LP for a voluntary dismissal without prejudice of its complaint filed
        on
        June 27, 2005 against Robert V. McLemore and HouseRaising.
 
 Background:
 In
        November 2004, Robert V. McLemore, President and Founder of HouseRaising,
        entered into a personal contract whereby he agreed to sell Nite Capital,
        LP, an
        investment firm based in Chicago, Illinois, a certain number of shares of
        his
        personal stock in return for Nite Capital’s agreement not to sell the shares for
        a set period of time and not to short sell the shares. It is Mr. McLemore’s
        belief that Nite Capital defaulted on this contract, and, as a result, McLemore
        refused to complete the transaction until a review of the short selling
        activities of Nite Capital and its principals could be completed. In connection
        with such review, HouseRaising filed a complaint with the NASD which requested
        an investigation into what management termed a “wave of coordinated naked short
        selling” in HouseRaising’s common stock over a three month period of time.
        Management of HouseRaising believes that this coordinated effort may have
        violated NASD rules, as well as applicable federal securities laws.
 
 As
        a
        result of Mr. McLemore’s and HouseRaising’s actions, on June 27, 2005 Nite
        Capital filed a complaint in the U.S. District Court for the Northern District
        of Illinois, Eastern Division, against Robert V. McLemore and HouseRaising,
        in a
        matter captioned as Nite Capital, LP, Plaintiff v. Robert V. McLemore and
        HouseRaising, Inc., Defendants, 05C 3757. The complaint alleged, among other
        things, a breach of contract by the Defendants and sought damages, jointly
        and
        severally, in an amount at least equal to $353,320, as well as punitive
        damages.
 
 The
        terms
        of the contract at issue were disputed by the Defendants, and HouseRaising
        reported that it was not even a party to the alleged contract. Mr. McLemore
        and
        HouseRaising retained Sugar, Friedberg and Felsenthal, LLP, counsel admitted
        to
        practice in the U.S. District Court for the Northern District of Illinois,
        and
        vigorously defend this action. The Company filed for a dismissal of the claims
        against it on August 23, 2005 and was awaiting a decision on this matter
        when
        the voluntary dismissal was filed. The Company believes the claims against
        it
        amounted to a thinly disguised effort to insert HouseRaising into a dispute
        between two private parties. The complaint was first served on the Defendants
        on
        July 13, 2005.
 
 **ITEM
        2. CHANGES IN SECURITIES.**
 
 As
        previously reported, HouseRaising commenced a private offering of common
        stock
        and warrants in an amount equal to approximately $3.5 million that is intended
        to be exempt from registration pursuant to Rule 506 of Regulation D under
        the
        Securities Act of 1933, as amended (‘the Act’). In March, 2006 HouseRaising
        offered its bridge lenders the opportunity to convert their outstanding notes
        payable into shares of common stock and warrants on the same terms as
        HouseRaising’s private placement offering.
 
 HouseRaising
        reports that between March 13, 2006 and March 23, 2006, HouseRaising came
        to an
        agreement to this conversion with four bridge lenders, which would call for
        the
        issuance of 425,000 shares of common stock and an equal amount of warrants
        under
        this offering in exchange for a reduction of $212,500 in bridge loans and
        accumulated interest. Each of the bridge lenders is an accredited investor
        as
        defined in Rule 501(a) of Regulation D under the Act. Each Unit, consisting
        of
        one share of common stock and one five year warrant to purchase one share
        of
        common stock at an exercise price of $0.50 per warrant, was priced at $0.50
        per
        Unit. The impact on the Registrant’s financial statements of these conversions
        from debt to stock and warrants will be reflected on the Registrant’s
        1 st quarter
        2006 financial statements. Neither the shares of common stock sold nor the
        shares underlying the warrants are entitled to any registration rights, and
        the
        investor will rely on Rule 144 under the Act in order to sell the shares
        of
 common
        stock on the Over-the-Counter Bulletin Board after satisfying the Rule’s
        one-year holding period and other requirements. There are no underwriting
        discounts or commissions in this transaction.
 
 The
        conversions of debt for common stock and warrants, and the issuance of common
        stock and the common stock underlying warrants, are intended to be exempt
        from
        registration pursuant to Rule 506 under Regulation D on the same basis as
        the
        Registrant’s private offering referred to above.
 
 **ITEM
        3. DEFAULT UPON SENIOR SECURITIES.**
 
 None.
  20
  **ITEM
        4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS**
 
 At
        HouseRaising’s 2006 Annual Meeting held on May 11, 2006, shareholders elected
        our eight directors to serve for an additional term of one year and thereafter
        until their successors are qualified and elected, and also ratified management’s
        choice of Traci J. Anderson, CPA, as the company’s auditor for fiscal 2006. A
        total of 31,136,943 shares voted for each of these two items and 0 voted
        against. We filed a Definitive Information Statement on Schedule 14C with
        the
        Commission on April 7, 2006, in connection with the 2006 Annual
        Meeting.
 
 **ITEM
        5. OTHER MATTERS**
 
 Part
        of
        HouseRaising, Inc.’s strategy is to build its business through the merger or
        acquisition of existing homebuilders and technology companies that will benefit
        our application service business. It is reasonable to expect that such activity
        is an ongoing part of HRI’s business development efforts. At any given time the
        company could be in process of analyzing or negotiating an offer in connection
        with such a transaction. However, any discussion or speculation on specific
        transactions is only conjecture until such time that a definite agreement
        is
        signed and announced in an SEC filing and press release. It is possible that
        no
        transactions will take place at all.
 
 **Current
        Status of Announced Transactions**
 
 All
        previously announced transactions have been completed, brought to resolution
        or
        have no further update. These items were previously described in the Company’s
        Annual Report on Form 10-KSB filed on March 31, 2006 and are incorporated
        herein
        by reference.
  21
  **ITEM
        6. EXHIBITS AND REPORTS ON FORM 8-K**
 
 **(a)
        Reports on Form 8-K**
 
 Subsequent
        to December 31, 2005, the Company filed the following Current Reports on
        Forms
        8-K with the SEC as follows:
 
 Dated
                  (filing date)
              
              Items
                  ReportedMarch
                  13, 2006 (April 14, 2006)
              
              Form
                  8-K Unregistered Sale of Equity Securities/Other EventsMarch
                  2, 2006 (March 13, 2006)
              
              Form
                  8-K Change in Directors or Principal
                  Officers
 
 **(b)
        Exhibits**
 
 Exhibits
        for HouseRaising and its subsidiaries are listed below.
 
 **INDEX
        TO EXHIBITS**
 
 The
        exhibits designated by an asterisk (*) are filed herein. The exhibits not
        so
        designated are incorporated by reference to the indicated filing.
 
 Exhibit
                  No.
              
              Descriptions2.1.1
              
              Agreement
                  and Plan of Merger, dated February 19, 2004 (incorporated by reference
                  from Exh. 2 to the Definitive Information Statement filed on August
                  10,
                  2004)3.1
              
              Articles
                  of Incorporation (incorporated by reference from Exh.3 of Form
                  SB-2 filed
                  April 11, 2002)3.2
              
              Articles
                  of Amendment to Articles of Incorporation to Change Name (incorporated
                  by
                  reference from Exh. 3 to the Definitive Information Statement filed
                  August
                  10, 2004)3.3
              
              Bylaws
                  of HouseRaising, Inc. (incorporated by reference from Exh.3 to
                  Form SB-2
                  filed April 11, 2002)3.4
              
              Articles
                  of Amendment for Class A Voting Convertible Preferred Stock (incorporated
                  by reference from Exh. 4 to the Definitive Information Statement
                  filed
                  August 10, 2002)31.1
              
              Rule
                  13a-14(a)/15d-14(a) Certification of Gregory J. Wessling, Chairman
                  and
                  Chief Executive Officer*31.2
              
              Rule
                  13a-14(a)/15d-14(a) Certification of Robert V. McLemore, President
                  and
                  Founder*31.3
              
              Rule
                  13a-14(a)/15d-14(a) Certification of Richard A. von Gnechten, Chief
                  Financial Officer*31.4
              
              Rule
                  13a-14(a)/15d-14(a) Certification of Christine M. Carriker,
                  Secretary/Treasurer, SVP & ChiefAdministrative
                  Officer*32.1
              
              Section
                  1350 Certification of Gregory J. Wessling, Chairman and Chief Executive
                  Officer*32.2
              
              Section
                  1350 Certification of Robert V. McLemore, President and
                  Founder*32.3
              
              Section
                  1350 Certification of Richard A. von Gnechten, Chief Financial
                  Officer*32.4
              
              Section
                  1350 Certification of Christine M. Carriker, Secretary/Treasurer,
                  SVP and
                  Chief Administrative Officer*
 _________________________________
 *-Filed
        herewith
 
 -signature
        page follows-
  22
  
 SIGNATURES
 
 Pursuant
        to the requirements of Section 13 or 15 (d) of the Securities Exchange Act
        of
        1934, the registrant has duly caused this report to be signed on its behalf
        by
        the undersigned, thereunto duly authorized.
 
 HOUSERAISING, INC.
 (Registrant)
  Date:
        May
        15,
        2006                                                                                              
/s/ Gregory J.
        Wessling
 Gregory J. Wessling
 Chairman
        of the Board and
 Chief
        Executive Officer
 (Principal
        Executive Officer)
 
  Date:
        May
        15, 2006  /s/ Robert V.
        McLemore
 Robert V. McLemore
 President
        and Founder
 (Principal
        Executive Officer)
 
 
 /s/
        Richard A. von
        Gnechten
 Date:
        May
        15, 2006   Richard
        A. von Gnechten
 Chief
        Financial Officer
 (Principal
        Financial Officer)
 
 
 /s/
        Christine M.
        Carriker
 Date:
        May
        15, 2006     Christine
        M. Carriker
 Secretary/Treasurer,
        SVP &
 Chief
        Administrative Officer
 (Principal
        Accounting Officer)
 
 
 23