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RWJPA approves purchase of Wahpeton bank building and reviews multiple housing opportunities
Summary
The JPA approved buying a vacant bank building in Wahpeton for $275,000 and discussed other housing-related opportunities, including a potential down-payment loan for a 4-plex sale and preliminary support for a Wyndmere senior center and Red Door group financing.
Nathan Berseth told the board about several miscellaneous housing and property matters during the March 19 meeting. The board voted to purchase a vacant bank building in Wahpeton for $275,000 after noting it would open courthouse parking and could house county departments.
Berseth also reported that Hankinson Housing Authority intends to sell a 4-plex to Jake Dahl; the lead lender would provide a $900,000 loan and the buyer has asked the JPA for a $380,000 down-payment loan for five years at 2% interest, secured by a second mortgage. No application has been filed; Berseth said the JPA loan would be contingent on the housing authority constructing a new 4-plex.
He also described a preliminary conversation with the Wyndmere Senior Citizens group, which aims to build a new $250,000 center and has raised $150,000. Berseth said one option under discussion would be $10,000 per year from the JPA for 10 years to help the project proceed, allowing the city to reclaim and demolish the old building and free land for future apartments; no formal application was submitted.
Separately, staff updated the board on the Red Door project closing and recommended a funding approach similar to the Bois de Sioux model — structured annual contributions rather than a lump-sum payment. The board approved the Wahpeton bank building purchase and later approved payment of current JPA bills by unanimous votes.
