The Q3 2026 Launch Report is here. In this edition of The Launch Report™, we cover LGI Homes’ second Launch Bond® of 2026. We also examine the growing role of certified payroll in Nevada infrastructure reimbursements. In addition, we look at Tennessee’s Infrastructure Development Districts. Finally, we share our Mid-Year 2026 analysis of the Top 50 Selling Master Planned Communities.

LGI Homes’ $88.1MM Launch Bond® Project 2.0

On September 24, 2026, LGI Homes closed an $88.1 million Launch Bond®. The bond provides MUD forward funding for seven master-planned communities in Texas. Specifically, the communities are in the Dallas-Fort Worth and Greater Houston markets. Together, they span more than 1,860 acres and are expected to deliver 6,043 residential lots. In addition, LGI Homes closed a $68.4 million Launch Bond® in May. Combined, the two transactions total $156.5 million across 13 communities.

Why Certified Payroll Matters in Nevada Infrastructure Reimbursements

Nevada developers can use Local Improvement Districts and Tax Increment Financing to recover eligible infrastructure costs. However, those costs are reimbursed only after they clear review. Certified payroll is now receiving closer scrutiny. As a result, payroll errors can delay or disallow reimbursements that developers are counting on. Curry Froelich explains what noncompliance costs a project. He also outlines the controls that protect reimbursable dollars, including The Launch Reimbursement System™.

Tennessee Infrastructure Development Districts

Tennessee adopted the Infrastructure Development District in 2024. Since then, the state has expanded the framework in 2025 and 2026. Chris Bassett walks through formation, authorized costs, assessment methodology, and sizing. For example, an illustrative pro forma shows how IDD financing can return developer capital earlier and improve project returns. Finally, he answers common questions about IDDs.

Mid-Year 2026 Top 50 Selling Master Planned Communities

Launch partnered with RCLCO Real Estate Consulting to analyze the Mid-Year 2026 Top 50 Selling Master Planned Communities. Overall, 84% of home sales occurred within a special taxing district, a slight dip from 88% at year-end 2025. Texas still leads the list with 20 MPCs, and 18 of them use special districts.

The Land to Lots™ Podcast and Book Series

This quarter’s Land to Lots™ episodes feature Chris Meany on Treasure Island and Charley Freericks on Teravalis. In addition, Tyler Cobb discusses Arizona’s State Affordability Infrastructure District legislation. We also highlight Engineering Land Value from the Land to Lots™ book series. In this book, Carter Froelich shares a practical playbook for land residual analysis.