Amy McClain
Amy McClain

Amy M. McClain

Partner

mcclaina@ballardspahr.com
Tel 410.528.5592
Fax 410.528.5650
Baltimore

Amy M. McClain represents public housing authorities and affordable housing developers in the context of mixed-finance transactions. Ms. McClain has closed several affordable housing transactions involving a variety of funding sources, including Low Income Housing Tax Credits, the Rental Assistance Demonstration program, public housing and Section 8 funding sources, HUD-insured loans, tax-exempt bonds, state housing finance agency loan funds, and conventional financing. These transactions have provided her with the opportunity to negotiate issues among the financing parties, housing authorities, and developers while also coordinating the U.S. Department of Housing and Urban Development review and approval process. Ms. McClain also addresses traditional real estate issues intertwined with low-income housing development.

Representative Matters

  • Represented the Housing Authorities of Fresno on various transactions, including four of the country's first Rental Assistance Demonstration (RAD) conversions
  • Represented the Puerto Rico Public Housing Administration in the nation's largest bond issuance and Low Income Housing Tax Credit acquisition/rehabilitation transaction, involving more than $700 million in funds for the modernization of more than 4,000 units within 33 public housing developments
  • Represented the Housing Authority of the City and County of Denver in its acquisition/rehabilitation Low Income Housing Tax Credit transaction, which maximized the tax credit-eligible basis generated by Energy Performance Contract improvements to three high-rise public housing sites
  • Represents the Housing Authority of the City of Tacoma, Washington, in relation to the Salishan HOPE VI revitalization and the authority's mortgage of public housing land to finance the infrastructure of a portion of the redeveloped Salishan site
  • Represents a Pennsylvania-based affordable housing developer in its projects in Baltimore, including the redevelopment of the former Freedom Village and Claremont Homes site, a portion of the East Baltimore development initiative, and Uplands, each involving various state and local financing resources, as well as compliance with the city's Bailey Consent Decree requirements
  • Represents the Boston Housing Authority in multiple mixed-finance affordable housing efforts, including the redevelopment of Franklin Hill and Maverick Gardens public housing sites into mixed-income/low-income housing tax credit developments as well as the renovation of Long-Glen Apartments into an affordable housing complex providing public housing and project-based Section 8 units, with a portion creating a preference for residents with severe mental illness

Pro Bono Experience

Coordinates the pro bono collaboration between attorneys and paralegals with Ballard Spahr's Baltimore office and Project HEAL, a medical-legal partnership of the Kennedy Krieger Institute to provide pro bono legal services for children with intellectual and developmental disabilities

Represented a teacher from Ethiopia seeking asylum in the United States from political persecution, and filed the petitions to successfully reunite the client with her family

Represented a community organization dedicated to preventing animal cruelty in connection with obtaining its 501(c)(3) designation

Professional Activities

American Bar Association, Forum on Affordable Housing and Community Development Law, Governing Committee and Membership Chair

Housing and Development Law Institute

Ballard Spahr's Pro Bono Committee

Recognition & Accomplishments

Named one of The Daily Record's (Maryland) Top 100 Women in Maryland for 2014, for achievement of professional success and for making a difference through leadership, community service, and mentoring

Named to The Daily Record's (Maryland) 2011 Leading Women list, one of 46 women under the age of 40 recognized for their exceptional professional experience, community involvement, and commitment to inspiring change

Publications

Beginner’s Guide to Public Housing Conversion under RAD, published by the ABA's Forum on Affordable Housing and Community Development, August 2014

Co-author, "Mixed-Finance Development of Public Housing," ABA's Legal Guide to Affordable Housing Development

"The Derailing of Maryland Property Law," 60 Maryland Law Review 1211, 2001

Speaking Engagements

Panelist, "Tax Credit Hot Topics," Ballard Spahr CLE for Free Breakfast Briefing, November 5, 2014

Panelist, "Rental Assistance Demonstration Program," American Bar Association's 23rd Annual Affordable Housing and Community Development Law Conference, Washington, D.C., May 22, 2014

Panelist, "HUD's RAD Program: Lessons Learned So Far," Ballard Spahr Housing webinar, May 15, 2014

Panelist, "Evolving Trends in Maryland Affordable Housing," Ballard Spahr Housing briefing, Baltimore, April 30, 2014

Panelist, "HUD's Rental Assistance Demonstration Program," National Association of Local Housing Finance Agencies, NALHFA 2014 Annual Educational Conference, Atlanta, April 3, 2014

Panelist, "Rental Assistance Demonstration Program," Arizona Housing Alliance Academy – Developers Topics – Hot Topics in Affordable Rental Housing Finance, Phoenix, January 23, 2014

Panel Moderator, "Stretching the Green Dollar: Energy-Oriented Financing to Preserve Affordable Housing," American Bar Association's 22nd Annual Housing and Community Development Law Conference, Washington, D.C., May 23, 2013

Panel Moderator, "Innovative Financing of Public Housing - Preservation and Beyond," American Bar Association's 20th Annual Affordable Housing and Community Development Law Conference, Washington, D.C., May 27, 2011

Panelist, "Use of Nontraditional Funding Structures for Development by Public Housing Authorities," American Bar Association's 19th Annual Affordable Housing and Community Development Law Conference, Washington, D.C., May 26, 2010

Panel Moderator, "What Lawyers Should Know About Going Green," American Bar Association's 19th Annual Affordable Housing and Community Development Law Conference, Washington, D.C., May 26, 2010

Panel Moderator, "Leveraging Resources through Energy Financing Tools," National Association of Housing and Redevelopment Officials (NAHRO), Summer Conference, Portland, Oregon, July 16-18, 2009

Speaker and Moderator, "Green Finance and Funding: Financial Resources and Models for Green Development," HUD HOPE VI Green Building & Energy Efficient Development Conference, Washington, D.C., June 25-26, 2009

Panelist, "Neighborhood Stabilization Program: Acquisition and More," National Association of Housing and Redevelopment Officials (Colorado and Mountain Plains Chapter), Annual Conference, Snowmass, Colorado, June 17-19, 2009

Panelist, "Public Housing Mortgage Program and Operating Fund Financing Program," U.S. Department of Housing and Urban Development Maximizing Leverage Conference, Atlanta, June 12-13, 2008

Instructor, "Affordable Housing Financing Resources," MICPEL Basics of Real Estate Transactions Evening Series, April 8, 2008

Panelist, "Financing Affordable Housing – A Primer," American Bar Association Section of Real Property, Trust & Estate Law Teleconference, April 17, 2007

Panelist, "Financing Affordable Housing – A Primer," American Bar Association Section of Real Property, Trust & Estate Law Teleconference, Joint Fall CLE Meeting, Denver, 2006

Board Memberships

Msgr. O'Dwyer Youth Retreat House

Southeast Community Development Corporation

University of Maryland School of Law (J.D. 2002, with honors)
Student Lawyer, Community Transactions Clinic; Member, Order of the Coif; Associate Editor, Maryland Law Review

American University (B.A. 1993, magna cum laude)

Maryland