Deal Intelligence • Strategy • Financing

Investor Notes

Long-form analysis for investors who care about basis, durable rent and the financing behind the deal.

LATEST • OCTOBER 2026

The Voucher Benchmark Most Investors Ignore

Housing Choice Vouchers • Urban rentals • Underwriting

Why the voucher number belongs beside market rent, how ZIP-level benchmarks change Houston underwriting, and why 2026 funding pressure must be priced into the deal.