The Public Finance Authority is pleased to announce the financing, acquisition and ownership of the Crossroads Health Project that will bring needed drug and alcohol addiction treatment facilities to Greenfield and Knox, IN. It was recently reported that “more people in Indiana are seeking drug and alcohol rehabilitation than any other state.”
The facilities include Hickory House Recovery Center and Wintersong Village Nursing that will be converted into a certified addiction recovery facility. Both facilities will now operate under the trade name “Crossroads Recovery Network” with one facility that is expected to have a total of 45 beds and one facility is expected to contain 72 beds certified for residential addiction treatment. The services offered are expected to include treatment for alcohol addiction, heroin and opioid addiction, cocaine addiction, prescription pill addiction, methamphetamine addiction, and co-occurring disorders including depression, anxiety, PTSD and trauma.
“It is an honor to be a part of this lifesaving and community-centered development that will help address the addiction crisis in Indiana,” said William Kacvinsky, PFA Board Chair and Former Board Chair in Bayfield County, Wis. “PFA provides qualified projects serving a public benefit with access to the financial markets, and this is just one example of a PFA project that provides important benefits to the community without any risk to the taxpayer.”
PFA partners with local governments to assist in the financing of public benefit projects that create temporary and permanent jobs, affordable housing, community infrastructure and improve the overall quality of life in local communities. In 2021, the Public Finance Authority celebrated more than 10 years assisting in financing public benefit projects that provide local economic development, create jobs, produce state and local tax base, and meet needs of eligible borrowers which state or local issuing authorities may not be able to serve.
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PFA was established by Local Government. For Local Government.™, in order to provide local governments and eligible private entities nationwide with access to low-cost, tax-exempt and other financing for projects that are important to the community and contain no risk to the taxpayer. PFA is jointly sponsored by the National Association of Counties, National League of Cities, Wisconsin Counties Association, and League of Wisconsin Municipalities.