Press Release

Public Finance Attorney Peter Lam Joins Ballard Spahr

October 10, 2023

Peter Lam—a public finance attorney who has counseled issuers of more than $10 billion in tax-exempt bonds—has joined Ballard Spahr’s national Finance Department, Public Finance Group, and multi-faceted Tax Group as Of Counsel, firm Chair Mark Stewart announced today. Mr. Lam will be resident in the firm’s New York office.

Mr. Lam has extensive experience with affordable housing developments financed with tax-exempt bonds and Low-Income Housing Tax Credits (LIHTCs), particularly at the bond issuance phase, which involves considerable coordination with the intended LIHTC structure. He has advised on issues involving the refinancing of affordable housing projects during construction periods, multiphase projects in and out of Qualified Census Tracts (QCT) and Difficult Development Areas (DDA), and Year 15 options.

“Peter is team-oriented and committed to finding solutions. His background, especially with 103(c) tax matters will greatly enhance our service to clients,” said Public Finance Practice Co-Leader Valarie J. Allen. “Peter adds even more strength to our bench, which will empower us in furtherance of the firm’s mission to go beyond expectations and deliver outsized advantage to our clients.”

Mr. Lam has served as bond counsel to state and local issuers for public and privately placed bond issuances that financed affordable housing projects, continuing-care retirement communities, educational institutions, energy conservation and public power projects, health care facilities, and state revolving funds. He is the second attorney to join Ballard Spahr’s New York office in a month, following the September arrival of Securities and Capital Markets Of Counsel Andrew M. Banks. Mr. Lam joined Ballard Spahr from Holland and Knight.

“Ballard has a broad and complete public finance practice, and my tax background will augment the abilities of the team just as much as my new colleagues’ skill will elevate the services I provide to my clients,” Mr. Lam said. “I am looking forward to getting to work.”

For media inquiries, please contact Will Ashenmacher at 612.371.5792.

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