FOR IMMEDIATE RELEASE
March 9, 2022
Contact: [email protected]
Public Finance Authority Helps to Finance Superior Living Foundation, Inc.’s Ripple Ranch Recovery Expansion
March 9 – The Public Finance Authority is pleased to announce financing is completed for the Superior Living Foundation, Inc.’s Ripple Ranch Recovery expansion in Spring Branch, Texas. According to application material, this financing will allow Ripple Ranch Recovery to expand from a 15-bed (12 residential and three detox) addiction treatment facility to a 30-bed facility that includes 24 residential beds in two buildings and a separate six- bed detox building as well as a new therapy space, commercial kitchen, dining space, and offices. Additionally, it is anticipated that this financing allows an outpatient treatment center to open in a separate location to provide continued care for its patients after they leave residential treatment or for patients wanting to try an outpatient option first.
“We applaud PFA’s role in the Superior Living Foundation, Inc.’s Ripple Ranch Recovery expansion project because this project will provide important support for those struggling with addiction,” said Mark O’ Connell, president and CEO of Wisconsin Counties Association, a founding sponsor organization of PFA. “PFA provides financing assistance to projects such as Ripple Ranch Recovery that are making a difference in their local communities, without any risk to the taxpayer.”
Ripple Ranch Recovery provides unique, individualized addiction treatment plans for individuals suffering from addiction. They use evidence-based treatment methods such as cognitive behavioral therapy (CBT) and trauma-informed treatments, like eye movement desensitization and reprocessing (EMDR) to help patients reach their goals of reconfiguring their thoughts and behaviors to succeed in long-term recovery. According to their website,” Our approach is simple: Everyone is different, so each treatment program is customized to match the needs of the client. We use evidence-based treatment along with a holistic approach to address the physical, mental, emotional, and spiritual aspects of recovery. These treatments will provide clients with the tools they need to remain in recovery for the rest of their lives.”
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 borrower’s 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.