Building Stronger Communities in Central Pennsylvania

At Elevare, our mission is clear and impactful: to turn underused land and neglected buildings into lively, thriving communities. We provide safe, high-quality, affordable homes designed for working families, along with services and amenities that strengthen neighborhoods — including childcare centers, grocery stores, counseling services, and spaces for local businesses.

Why Central Pennsylvania?

Central Pennsylvania presents one of the most attractive opportunities for housing development in the U.S. Unlike overheated metropolitan markets, Central PA offers:

• Affordability & Lower Risk: Land and construction costs are significantly lower, meaning lower entry points and reduced risk for investors.

• Strong Corporate Presence: Global companies like Amazon, Shell, SAP, Infosys, B. Braun, and Microsoft are fueling economic growth across the region.

• Logistics & Jobs: The I-78/I-81 corridor is one of the fastest-growing logistics hubs in the country, ensuring long-term demand for workforce housing.

• In-Migration Growth: Nearly 237,000 people moved to Pennsylvania in 2023, many from New York, New Jersey, and California, seeking affordability, safety, and quality of life.

The bottom line: Central PA combines stability, affordability, and growth — making it a smart, future-focused market for both community development and investment.

Tackling the Housing Shortage

The need for rental housing in Central Pennsylvania is urgent.

• In Lancaster, 42% of renters are cost-burdened, with a housing shortfall of up to 2,455 units.

• In York, nearly half of renters are cost-burdened, and vacancy rates are far tighter than the state average.

• In Harrisburg, rents have risen nearly 50% since 2017, with almost one in five renters severely cost-burdened.

• Hanover rents are climbing at ~6% year-over-year, with median rents now around $1,400/month.

Across the region, housing supply simply hasn’t kept pace with demand — Pennsylvania’s housing stock grew by only 3.4% between 2017 and 2023. Elevare is stepping in to bridge that gap.

Our Development Pipeline

We are building a portfolio of projects that not only provide homes but also strengthen communities:

• Lancaster: 52-unit mixed-use development with a grocery store, completing in 2026.

• York – Union Lutheran Church Campus: A donated property being transformed into 43 apartments, with on-site community services including counseling, a food pantry, and wellness support. About 40% of this project’s funding will come from public and nonprofit sources.

• Carlisle – Cherry Street: 90 apartments paired with a daycare center and medical offices. Possible HUD refinancing in year two.

• Future Growth: Seven additional sites are currently under review across Central PA.

Public-Private Partnerships

Our model is built on collaboration. By partnering with the Commonwealth of Pennsylvania, nonprofits, and community organizations, we secure grants and low-cost funding that reduce risk and enhance investor returns. For example, approximately 40% of the capital stack for our York project will be covered by these partnerships.

This approach ensures that Elevare’s developments are not only financially sound but also socially impactful — delivering both strong returns and measurable community benefits.

Leadership with Experience

Elevare’s leadership team brings decades of proven success in entrepreneurship, finance, construction, and community engagement:

• Jeremy P. Feakins – Founder, Chairman & CEO

• Jonathan Bowser – Strategic Construction & Finance Advisor

• Paula Vitz – Vice President of Community Engagement

• Jordan Stewart – Vice President of Finance & Operations

Together, we combine expertise in real estate development, financing, and community partnerships to deliver high-quality, resilient housing solutions.

Join Us in Building the Future

Elevare is raising $50 million in tranches to fund our growing pipeline of projects across Central Pennsylvania. With projected portfolio-wide returns of 34%+ IRR, our developments present a rare opportunity: to invest in profitable, scalable projects while directly addressing one of the most urgent social needs of our time — affordable, quality housing for working families.

At Elevare, we believe that revitalizing communities and creating strong investor returns are not mutually exclusive. They go hand-in-hand.