developing & preserving affordable housing
Developing attractive affordable and mixed-income housing through strategic collaborations with both private and public partners.
Legacy transforms communities through affordable housing, utilizing the Low-Income Housing Tax Credit (LIHTC) to make quality homes accessible
Legacy thrives on innovation, fostering community growth through impactful public-private partnerships
Explore Legacy's mixed-income housing strategy for harmonious coexistence of diverse income levels in one community.
Trusted by thousands of world-class brands and organizations of all sizes
Who We Are
Providing affordable and reliable housing
Legacy is a forward-thinking force in real estate, with a strong foundation in affordable housing and a rich history of successful public-private partnerships. Founded by executives from The Peebles Corporation, we are dedicated to crafting vibrant, inclusive communities that stand as a testament to our commitment to quality, innovation, and social impact
2024 HAND Housing Achievement Award 🏆
- Tax Credits
- Public-Private Partnerships
- Mixed Income Housing
We're Spread Around The USA
Legacy boasts a robust network of local operating partners, fostering a national reach complemented by strong local execution capabilities. This collaborative approach allows us to seamlessly implement projects across diverse communities, ensuring effective and tailored solutions
Years of Experience
Office Nationwide
Development Pipeline
Preserve, conserve, & Develop
Housing is a Vital Resource For A Better Tomorrow
Affordable housing is the cornerstone of community well-being, providing stability and opportunities for a better tomorrow. Legacy is dedicated to ensuring everyone has access to quality homes, understanding the pivotal role affordable housing plays in fostering thriving, inclusive neighborhoods.
Aspire towards a future where affordable housing stands as the cornerstone of flourishing communities, fostering stability and equitable opportunities for all.
Envision a tomorrow where Legacy's dedicated efforts ensure universal access to quality homes, contributing to the creation of inclusive and vibrant neighborhoods.
Our mission at Legacy is to actualize affordable housing as an essential reality for everyone. Recognizing its paramount importance in nurturing community well-being, we are dedicated to laying the groundwork for a more equitable and promising future.
Powerful solutions for a sustainable future
Legacy delivers powerful solutions for affordable housing, leveraging innovative strategies, a rich history in public-private partnerships, and a commitment to creating inclusive communities.
Minimizing equity needs is integral for developers engaging in affordable housing projects, particularly when utilizing programs like LIHTC and government subsidies. By strategically structuring financing and leveraging these initiatives, developers can reduce the financial burden on both themselves and future residents.
Determining the size and unit mix of affordable housing developments is a critical aspect that requires careful consideration of market analysis, community engagement, affordability criteria, regulatory requirements, flexibility, accessibility, and sustainability. Developers typically analyze factors such as these to create a well-balanced unit mix.
By carefully selecting income levels and addressing the needs of special populations, affordable housing developers can create projects that not only meet regulatory requirements but also contribute positively to the social fabric and economic sustainability of the communities they serve.
Refining the capital stack and pricing is crucial in affordable housing development. This involves a meticulous process of aligning various funding sources to ensure the projects financial viability while meeting the goal of providing accessible and quality housing for the community.
Scoring a project relative to competitively allocated resources is a method used to evaluate and prioritize projects seeking funding or resources, such as grants, tax credits, or subsidies, in a competitive environment. This scoring process helps allocate limited resources to projects that align most closely with specific criteria or priorities.
Certainly, the process of originating, anticipating, and detailing a project timeline for IRS Form 8609s involves several steps. The IRS Form 8609 is a document that is used to claim the Low-Income Housing Tax Credit (LIHTC), a key financing tool for affordable housing projects.
Why Choose Legacy
A Long History of Public Private Partnership Developments
Rooted in a rich legacy of M/WBE development in Washington DC, Legacy’s history is intertwined with a pioneering spirit in public-private partnership developments. A strategy that was established by The Peebles Corporation in 1983, our foundation reflects a longstanding commitment to collaborative initiatives that bring together public and private entities to create impactful and sustainable projects.
Let's be great together
Apply to Legacy's Internship Program Today
At our company, interns are not just participants; they are integral contributors to impactful initiatives. As part of our successful internship program, you’ll have the opportunity to learn, grow, and pave your path to success, as evidenced by the achievements of our alumni from top-tier universities like NYU, Columbia, Harvard, and the University of Chicago.
Meet Our Leadership
At the helm of our company is Donahue Peebles III, a widely recognized and accomplished developer, serving as our esteemed CEO. Complementing his leadership is our Vice President, Roberto Salcedo, whose tenacious approach to real estate development adds a wealth of expertise and professionalism to our dynamic leadership team.
Donahue Peebles III
Chairman & CEO
Roberto E. Salcedo
Vice President
Jonathan Lieb
Senior Associate
Diana Garcia
Marketing
Our Awesome Projects
We Take Each Housing Project Seriously
At Legacy, every housing project is approached with a profound commitment to excellence and community impact. Our dedicated team takes pride in delivering high-quality, sustainable housing solutions that not only meet the needs of residents but also contribute positively to the neighborhoods we serve.
17 Mississippi
145 Kennedy
H.R. Crawford
2024 Housing Association of Non-Profit Developers (HAND) Housing Achievement Award for “Best Small Affordable Housing Project” Honors 17 Mississippi Apts
NHP Foundation and Legacy are the 2024 Hand Housing Achievement Award winners in the “Best Small Affordable Housing Project” category for our incredible work on the 17 Mississippi Apartments project!
Join us in celebrating this incredible achievement at the 33rd Annual HAND Honors on June 13th at the Kennedy Center, Nations Gallery in DC.
News & Insights
2024 Housing Association of Non-Profit Developers (HAND) Housing Achievement Award for “Best Small Affordable Housing Project” Honors 17 Mississippi Apts
NHP Foundation and Legacy are the 2024 Hand Housing Achievement Award winners in the “Best Small Affordable Housing Project” category for our incredible work on the 17 Mississippi Apartments project!
Join us in celebrating this incredible achievement at the 33rd Annual HAND Honors on June 13th at the Kennedy Center, Nations Gallery in DC.
Baker Tilly’s 2024 DevelUp
Baker Tilly’s 2024 Devel Up Conference was held in Chicago and brought developers and expert professionals together in one place. Donahue Peebles III, Legacy’s CEO, was invited to speak at the “State of the Commercial Real Estate Market” session. From deep dives into capital markets to discussions on equitable access to real estate investment, every session was filled with valuable insights. Donahue joined panelists Daryl J. Carter, Robert Byron, Faron A. Hill, and moderator Collete English Dixon.
NYU Stern Real Estate’s Icons of Industry series with Don Peebles, Chairman and Chief Executive Officer of The Peebles Corporation.
Join Don Peebles, Chairman and Chief Executive Officer of The Peebles Corporation, on Tuesday, April 16, 2024, at 4:00 PM for a special edition of NYU Stern Real Estate’s Icons of Industry series.
Don will be accompanied by Donahue Peebles, Executive Vice President of the Peebles Corporation and Chairman and Chief Executive Officer of Legacy Real Estate Development LLC.
Together, Don and Donahue will engage in a dynamic conversation with Dr. Sam Chandan, covering a broad spectrum of topics including the investment and development outlook, Don’s significant contributions as a member of President Barack Obama’s National Finance Committee, his tenure as the former Chairman of the Congressional Black Caucus, and the inherent challenges faced by Black and female entrepreneurs in the real estate industry.
Don’t miss this insightful discussion that promises to delve into the complexities and opportunities within the real estate landscape.
