CHARLOTTE, N.C. – HouseRaising, Inc., a provider of managed services for custom homebuilders, has secured an additional $4 million in financing from Wachovia bank.

The increase provides HouseRaising with an $8 million line of credit.

The funds will be used for HouseRaising’s expansion efforts across the Carolinas. The company already works with a number of builders, especially in areas affected by Hurricane Katrina.

HouseRaising manages vendor relationships, utilizing proprietary project management software.