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Show j Mousing Nitty-Qiitty FARMINGTON - It's down to the "nitty gritty" as i preparations are wrapping up for an April multi-million dollar apartment construction bond sale. i SPONSORED by the Davis County Housing Authority, I up to $54 million in projects could be subscribed, although Asst. Director Jane Wilson emphasizes some indicating : interest will probably drop out. Some 900 apartment units already had been "induced" or approved for inclusion w hen three more were approved last week. Those include the Ellis-Ivory project by Fox Creek j Associates at 1700 N. 400 W. in Layton; Bruce McMullin : project at Gentile and Fairfield in Layton for 302 units at : S 1 4 million and a Bountiful project by the same firm at 2075 ; S. Main for 28 units at $1.1 million. THE FOX Creek project is 90 percent complete costing $8 million. : Actually, two bond sales, hopefully held in succession, : will provide funds for long-term financing in some cases j and construction funding that could be used over two years. It means builders can get partial financing at a reduced interest rate, thanks to Housing Authority partici-: partici-: pation as a non-profit agency. : "WE KNOW some (projects) won't participate in the : end" but that at least 900 units will be built, making for a : "viable" bond sale, Mrs. Wilson added. Complexes are ; planned throughout the -county, but especially in the Layton area, tb |