Nevada Builder Gives Back to Community
Greg Peek, President ERGS, his youngest son Chase and his father George Peek, ERGS Chairman of the Board.
From generous donations to non-profits to countless hours of volunteering, NAHB members are always giving back to their communities. Greg Peek, President of ERGS, a third-generation family-owned real estate development and property management company based in Reno, Nev., recently formed The Peek Family Charitable Foundation to give back to his community.
Earlier this year, ERGS sold a majority of its portfolio in the largest apartment deal ever recorded in the state of Nevada. The Peek family decided to earmark a significant portion of the proceeds to fund the Peek Family Charitable Foundation.
“Our family has been very blessed and fortunate, and we really wanted to give back to the community that has been so great to us,” said Peek.
Peek, a long-time and active member of NAHB credits the Federation’s strong network of professionals, who have been role models as partly influencing his decision to give back. He is also passionate about investing in the next generation of builders. He recently joined the National Housing Endowment (NHE) as a trustee and is a strong supporter and advocate for the Home Builders Institute.
“By investing in NHE and HBI you are providing life skills for somebody to be a contributing member of their community,” noted Peek.
The Foundation invests in children, homeless youth and veterans. This year, the Foundation has supported nearly 50 organizations, including Boys and Girls Clubs, Big Brother Big Sister, Renown Children’s Hospital, Nevada Military Support Alliance and the Truckee River Watershed. The mission of the Peek Family Charitable Foundation is to support quality-of-life improvements, open space and trail improvements, enhanced outdoor opportunities, and scholarships.
“The formula for success is opportunity plus preparation. We know a lot of people who have prepared their whole lives and never had an opportunity,” said Peek. “We want to help provide those opportunities.”
The Peek Family Charitable Foundation is expected to exceed $1 million in charitable giving next year.
Latest from NAHBNow
Economics | Housing Affordability
Aug 21, 2025
New and Existing Homes Remain Largely Unaffordable in Second QuarterWhile new homes remain largely unaffordable, builder efforts to improve housing affordability paid dividends in the second quarter of 2025, according to the latest data from the NAHB/Wells Fargo Cost of Housing Index (CHI). The CHI results from the second quarter of 2025 show that a family earning the nation’s median income of $104,200 needed 36% of its income to cover the mortgage payment on a median-priced new home. Low-income families, defined as those earning only 50% of median income, would have to spend 71% of their earnings to pay for the same new home.
Economics
Aug 20, 2025
Custom Home Building Grows as Broader Housing Market StrugglesAn analysis of census data by NAHB economists shows that custom home building grew 4% in the second quarter of 2025 as high interest rates and home prices suppress demand for traditional spec home production.
Latest Economic News
Economics
Aug 21, 2025
Existing Home Sales Rise in JulyExisting home sales rebounded in July as mortgage rates retreated from the recent peak and home price growth slowed, according to the National Association of Realtors (NAR).
Economics
Aug 21, 2025
New and Existing Homes Remain Largely Unaffordable in Second QuarterWhile new homes remain largely unaffordable, builder efforts to improve housing affordability paid dividends in the second quarter of 2025, according to the latest data from the National Association of Home Builders (NAHB)/Wells Fargo Cost of Housing Index (CHI).
Economics
Aug 20, 2025
Retreat for Single-Family Built-for-Rent HousingSingle-family built-for-rent construction fell back in the second quarter, as a higher cost of financing crowded out development activity.