-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
 MF1WlPEg2jwZPax2si3Hayv3tKsQMltFINdPw7LsYwLvTNBF9WgGVlJA6T/1q5/P
 xocJC3MWqPzI7fegzyEnNA==

<SEC-DOCUMENT>0001474472-09-000001.txt : 20091016
<SEC-HEADER>0001474472-09-000001.hdr.sgml : 20091016
<ACCEPTANCE-DATETIME>20091016165100
ACCESSION NUMBER:		0001474472-09-000001
CONFORMED SUBMISSION TYPE:	D
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20091016
DATE AS OF CHANGE:		20091016
EFFECTIVENESS DATE:		20091016

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Lacy & Raitt, L.P.
		CENTRAL INDEX KEY:			0001474472
		IRS NUMBER:				264564620
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-135399
		FILM NUMBER:		091123888

	BUSINESS ADDRESS:	
		STREET 1:		414 E. CHAPMAN AVE.
		CITY:			ORANGE
		STATE:			CA
		ZIP:			92866
		BUSINESS PHONE:		(714) 771-1439

	MAIL ADDRESS:	
		STREET 1:		414 E. CHAPMAN AVE.
		CITY:			ORANGE
		STATE:			CA
		ZIP:			92866
</SEC-HEADER>
<DOCUMENT>
<TYPE>D
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0603</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001474472</cik>
        <entityName>Lacy &amp; Raitt, L.P.</entityName>
        <issuerAddress>
            <street1>414 E. CHAPMAN AVE.</street1>
            <city>ORANGE</city>
            <stateOrCountry>CA</stateOrCountry>
            <zipCode>92866</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>(714) 771-1439</issuerPhoneNumber>
        <jurisdictionOfInc>CALIFORNIA</jurisdictionOfInc>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <value>None</value>
        </edgarPreviousNameList>
        <entityType>Limited Partnership</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2009</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>NEF Assignment Corporation</firstName>
                <lastName>NEF Assignment Corporation</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>120 So. Riverside Plaza</street1>
                <street2>15th Floor</street2>
                <city>Chicago</city>
                <stateOrCountry>IL</stateOrCountry>
                <zipCode>60606</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Limited Partner of Issuer with a 99.99% interest.</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>OHDC L&amp;R, LLC</firstName>
                <lastName>OHDC L&amp;R, LLC</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>414 E. Chapman Ave.</street1>
                <city>Orange</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>92866</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Managing General Partner of Issuer with a .005% interest.</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>C&amp;C L&amp;R, LLC</firstName>
                <lastName>C&amp;C L&amp;R, LLC</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>1110 E. Chapman Ave.</street1>
                <street2>Suite 200</street2>
                <city>Orange</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>92866</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Developer General Partner of Issuer with a .005% interest.</relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Residential</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>$1,000,001 - $5,000,000</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2009-07-15</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isOtherType>true</isOtherType>
            <descriptionOfOtherType>Partnership Interests</descriptionOfOtherType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>0</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>n/a</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>n/a</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>n/a</street1>
                    <street2>n/a</street2>
                    <city>n/a</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <zipCode>99999</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                </statesOfSolicitationList>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>1989815</totalOfferingAmount>
            <totalAmountSold>149949</totalAmountSold>
            <totalRemaining>1839866</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>1</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse>n/a</clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse>n/a</clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>Lacy &amp; Raitt, L.P.</issuerName>
                <signatureName>Eunice Bobert</signatureName>
                <nameOfSigner>Eunice Bobert</nameOfSigner>
                <signatureTitle>CEO of Managing General Partner of Issuer</signatureTitle>
                <signatureDate>2009-10-16</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----