Mary Grace Folwell

She was general counsel for a national affordable housing property management company, and held multiple roles at the District of Columbia Housing Authority: Associate General Counsel, Chief Counsel of Policy and Risk Management, and Interim Deputy General Counsel. She provided counsel on a variety of issues, including asset management, procurement, Davis-Bacon Act compliance, housing choice vouchers, reasonable accommodations, and development and operational considerations.

At Ballard Spahr, Mary Grace advised nonprofits on federal and state tax-exemption matters, governance, and compliance issues. She also advised nonprofits on Internal Revenue Service (IRS) regulatory matters, including the formation of affiliated entities, and on various strategies for mergers and dissolutions. Additionally, Mary Grace advised housing authorities, nonprofits, and private developers on U.S. Department of Housing and Urban Development (HUD) regulatory and statutory matters and compliance with HUD programs. She represented housing authorities and for-profit and nonprofit developers in mixed-finance affordable housing transactions involving a range of funding sources, including public housing, Federal Housing Administration financing, private financing, 4% and 9% Low- Income Housing Tax Credits, tenant vouchers, and tax-exempt bond funding.