FARMINGTON — A $1.54 million project to create better housing at 82 High Street appears to be falling into place, Selectman Michael Fogg told the board on Tuesday.

The board held a public hearing on an application for a Community Development Block Grant for the project. Residents will vote on the grant March 28. 

Several members of the 82 High Street board of directors attended to endorse the proposed third phase of rehabilitation for the local low- to moderate-income housing community. It involves razing three apartment buildings and replacing them with three modular buildings.

The housing development recently received a $500,000 grant from the Federal Home Loan Bank and a $540,000 loan from Franklin Savings Bank for the project. The next step is the application for a $500,000 Community Development Block Grant, Code Enforcement Officer Steve Kaiser said.

The Planning Board will review the plan on March 19.

There is no cost for the town, which administers the grant.

There is already a remarkable improvement in the appearance of the complex, board member Dr. Roger Condit said. 

82 High Street has become a place the town can be proud of, said Caitlin Carson-Gabriel, resident and board member. Residents look out for each other, keep it clean and take pride in it, she said.

Management has improved with Rachel Jackson Hodsdon of Creative Energy, said Janice David, board member and abutter.

The new apartments will be nice but not extravagant, Jackson Hodsdon said. There will be four apartments in each building.

The modulars are made by Keiser Homes in Oxford, Randy Cousineau said, who is the local dealer for the homes.

The first phase, completed in 2012, rehabilitated 17 mobile homes. The second phase, completed last year, provided new water and sewer lines.

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