Cynthia Bast is nationally recognized as a preeminent lawyer in the area of affordable housing and community development finance and leads the Firm's Affordable Housing Section. She calls upon her vast experience, including experience in the areas described below, as a frequent speaker at conferences across the country. Cynthia has been named in The Best Lawyers in America for Real Estate Law and in Chambers USA for 2016-2024.
Cynthia Bast is nationally recognized as a preeminent lawyer in the area of affordable housing and community development finance and leads the Firm's Affordable Housing Section. She calls upon her vast experience, including experience in the areas described below, as a frequent speaker at conferences across the country. Cynthia has been named in The Best Lawyers in America for Real Estate Law and in Chambers USA for 2016-2024.
Finance Transactions
Cynthia assists clients with complex affordable housing and community development transactions using a variety of financing tools, including housing tax credits (LIHTC), tax-exempt bonds, HUD programs, and other federal, state, and local resources. Throughout her career, she has worked on hundreds of transactions involving housing in Texas and other states. Her clients include for-profit and non-profit developers, investors, and governmental agencies.
Governmental Advocacy
In addition to her transactional work, Cynthia actively represents clients before relevant governmental authorities and advocates for affordable housing issues with the Texas Legislature. Much of her work in this area is devoted to helping clients with matters before the Texas Department of Housing and Community Affairs. In that capacity, she guides clients through critical appeals to the TDHCA Board and other administrative or compliance matters.
Year 15/Preservation
Qualified contracts, rights of first refusal and options intersect as owners and investors try to determine the best scenario for refinancing and restructuring their housing tax credit properties. Cynthia has a particular interest in the issues associated with the end of the housing tax credit compliance period and the preservation of affordable housing.
Workouts and Troubled Assets
When affordable housing properties become troubled, Cynthia advises clients on creative solutions. Such solutions may include employing tax exemptions, restructuring existing financing, finding new soft financing, changing an ownership structure, or pursuing foreclosure. Whether the clients are owners, investors, or lenders, she brings an understanding of the complex regulatory overlay that is necessary to work out an affordable housing finance transaction.