Monday, July 19, 2010

New complex to bring 36 homes, 40 jobs, $5 million to Ephraim area

A housing construction project is underway that will provide homes to low- and moderate-income families and should also make a significant contribution to the local economy. A groundbreaking ceremony began work on Palisade Park Apartments, a 36-unit complex located east of the intersection of 100 South and 400 East streets in Ephraim, on the south side of 100 South.

The construction project is estimated to cost about $5.2 million, and should bring about 40 full-time jobs to the area. Nearly half of the project’s estimated cost—or $2.5 million—is coming from the American Recovery and Reinvestment Act (President Obama’s economic-stimulus bill passed by Congress in February 2009). The 2-, 3- and 4-bedroom apartments will be reserved for residents earning 25 percent to 55 percent of the area’s median income. The Sanpete Messenger