Legacy One Apartments

About the project

AA Legacy Properties LLC was founded in 2023 by CJG, LLC and A&D Quality Construction Co., two Washington-based contractors. The owners are also graduates of the LISC Puget Sound Housing Equity Accelerator Program.

AA Legacy Properties LLC's geographic focus is Tacoma, WA.

LISC refinanced AA Property's existing acquisition loan on the subject property to provide a more favorable interest rate and a longer timeline to develop the project. Legacy One Apartments will take advantage of Tacoma's Multifamily Tax Exemption program and build 20 new units of rental housing; four units will be deed restricted to families making no more than 70% of AMI, but all units are expected to be afforable at 80% AMI. The development will include energy efficient appliances and lighting and a solar panel ready roof. Partial financing for this project came from LISC's ERP award from the CDFI Fund.