FOR IMMEDIATE RELEASE
March 9, 2022
Contact: [email protected]
Public Finance Authority Helps to Finance Valley Hope Association Expansion
March 9 – The Public Finance Authority is pleased to announce financing is completed for the Valley Hope Association expansion and renovation project for its Parker, Colo. facility. The Association has noted that this expansion and renovation project includes a new Withdrawal Management wing that will increase the facility capacity with eight new double occupancy suites. Additionally, project material notes that the new wing will include all necessary nursing and support facilities for medically supervised detox.
“The Valley Hope Association expansion and renovation project is an incredible example of the projects that receive financing assistance from PFA ,” said Mark O’ Connell, president and CEO of Wisconsin Counties Association, a founding sponsor organization of PFA. “This financing assistance helps support Valley Hope, which provides crucial care for those affected by drug and alcohol addictions, thus providing tremendous public benefits to countless lives without any risk to the taxpayer.”
According to the Valley Hope website, “Founded in 1967, Valley Hope provides patient-centered, compassionate care to individuals, families and communities impacted by drug and alcohol addiction. More than five decades since beginning in northwest rural Kansas, Valley Hope has established a national footprint, with 19 treatment centers across the U.S., with multiple locations in Arizona, Colorado, Kansas, Missouri, Nebraska, Oklahoma and Texas. They have helped more than 310,000 people find hope in recovery and restore 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 borrowers which state or local issuing authorities may not be able to serve.
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.