We propose and analyze the heterostructure comprising a black-arsenic-phosphorus layer (b-As1−xPxL) and a graphene layer (GL) integrated with a light-emitting diode (LED). The integrated b-As1−xPxL-GL-LED heterostructure can serve as an active part of the terahertz (THz) laser using the interband radiative transitions in the GL. The feasibility of the proposed concept is enabled by the combination of relatively narrow energy gap in the b-As1−xPxL and the proper band alignment with the GL. The operation of the device in question is associated with the generation of the electron-hole pairs by the LED emitted near-infrared radiation in the b-As1−xPxL, cooling of the photogenerated electrons and holes in this layer, and their injection into the GL. Since the minimum b-As1−xPL energy gap (∆G ≃ 0.15 eV) is smaller than the energy of optical phonons in the GL, ( ω0 ≃ 0.2 eV), the injection into the GL can lead to a relatively weak heating of the two-dimensional electron-hole plasma (2D-EHP) in the GL. At the temperatures somewhat lower than the room temperature, the injection can cool the 2D-EHP. This is beneficial for the interband population inversion in the GL, reinforcement of its negative dynamic conductivity, and the realization of the optical and plasmonic modes lasing supporting the new types of the THz radiation sources.