Amy McClain > Ballard Spahr LLP > Baltimore, United States > Lawyer Profile

Ballard Spahr LLP
111 S. Calvert Street
27th Floor
BALTIMORE, MD 21202-6174
MARYLAND
United States
Amy McClain photo

Work Department

Real Estate

Position

Partner and Chair of the Real Estate Department

Career

Amy M. McClain represents housing authorities and affordable housing developers in the context of mixed-finance transactions. She is the Chair of the firm’s Real Estate Department.

Amy is based in Baltimore and is a lawyer who closes 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 various U.S. Department of Housing and Urban Development review and approval processes. Amy also addresses traditional real estate issues intertwined with affordable housing development.

Admissions

Maryland

Memberships

American Bar Association, Forum on Affordable Housing and Community Development Law, Past Chair

Housing and Development Law Institute

Maryland Volunteer Lawyers Service

Msgr. O’Dwyer Youth Retreat House, 2012-2017

Harbor Walk Townhouse Association, 2015-2017

Southeast Community Development Corporation, 2009-2016

Education

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)

Lawyer Rankings

United States > Real estate > Real estate finance

Ballard Spahr LLP ‘delivers an excellent blend of thorough knowledge of the law with commercial business savviness’, led by a sizeable national group of real estate and real estate finance experts, which includes Siobhan O’Donnell in Los Angeles; Thomas Hauser and Amy McClain in Baltimore together with Dominic De Simone in Philadelphia. The team is active on structuring, negotiating, documenting, closing, and servicing a broad range of real estate finance transactions, and routinely represent REITs and developers as borrowers in single- and multi-property loan transactions as well as in joint venture and preferred equity transactions. The firm has also expanded its work in the distressed assets and opportunities space.

United States > Real estate > Real estate

Ballard Spahr LLP represents leading banks, special servicers, private equity firms, REITs, CMBS lenders, and borrowers in the full breadth of complex transactional, leasing and development work. It is particularly known for its strength in land use, tax structuring, condominiums and hospitality resort developments. Department chair Amy McClain sits in the Baltimore office, with complementary assistance from Mary Jo George and Molly Bryson in Washington DC, head of its housing finance and affordable housing teams, respectively. James Walston in Minneapolis focuses on real estate development. For hotel developments and distressed assets, Christopher Payne in Denver and Dominic De Simone in Philadelphia, are recommended.

 

United States > Real estate > Land use/zoning

Ballard Spahr LLP combines the wider real estate department’s multi-disciplinary capabilities to undertake a broad range of mandates in the space, with emphasis on strong performance across zoning and land use, leasing, complex development, finance and construction. Highlights for the group include strong work in historic preservation and environmental issues, on behalf of leading business, civic leaders, community and governmental clients. Baltimore’s Amy McClain is a key point of contact as chair of the firm’s real estate department, while Matthew McClure  heads up the land use and zoning team and emphasizes his practice on development, zoning and historic preservation issues. The office was also bolstered by the elevation of Ashley De Luca to partner in 2022. David Gest  has left the firm.