Nevada loses affordable housing champion

In Memoriam: Holly Gregory, President of Weststates Property Management Company, September 1955 – December 2020. 

Holly Gregory, President of Weststates Property Management, will be remembered for her outsize presence in the development and management of affordable housing throughout Nevada, particularly in rural Nevada. Together with her husband Jim, they became owners and managers of one of the largest portfolios of affordable housing in the state of Nevada.

Holly and Jim Gregory met through a discussion about tax credit developments, so you could say it was a “tax credit love story.” She was working in California, helping clients with applications for the Low Income Housing Tax Credit program. Holly was interested in a building a tax credit property in Jackson Hole, Wyoming, because she had visited there previously and wanted to return. They met to discuss a potential property deal, and ended up dating, marrying in the fall of 1991. 

Over a period of 40 years, 29 years of those assisted by Holly, Jim Gregory Real Estate company built 35 affordable properties and renovated many more. The Property Management subsidiary of the company was formed in 1979. The company manages more than 60 properties across Nevada, with additional properties in Idaho and Utah. Weststates has a presence in 13 of Nevada’s 17 counties. The area of coverage spans 120,000 square miles from Caldwell, Idaho to Laughlin, Nevada and from West Toole, Utah to Reno, Nevada.

Holly was passionately devoted to the success of the Weststates enterprise. She liked to bring in motivational speakers and promoted team-building exercises amongst up to 160 employees when they gathered together, and always recognized employee milestones.  She and Jim took pride in the properties they managed or owned and liked to visit them in person, sometimes coming unannounced for quick inspections.

In her spare time Holly owned another company, Ruby View Quarter Horses, which bred and sold quarter horses. Holly also loved baking with her grandchildren, rodeo, toy Australian Shepherds, and books-on-tape including mystery novels, suspense, etc. She was diagnosed with scoliosis as a teenager and adopting the sport of swimming helped Holly stay healthy and boosted her confidence.

In lieu of flowers, the family requests donations to Northwestern Nevada Museum or Desert Pines Horse Rescue. Nevada Housing Division joins with the rest of the affordable housing community in offering condolences to the Gregory family and to all at Weststates.