OKLAHOMA CITY— For the past 22 years, Palmer Addiction Recovery Services has leased the same facility to operate its residential treatment program for women with children. On December 16, the organization took an important step forward by purchasing the facility from the State of Oklahoma, securing long-term ownership of the property that has served as home to its Tulsa Women and Children Center.
Located at 2442 North Mohawk Boulevard in Tulsa since 2003, the 52-bed residential treatment program accommodates children while supporting mothers who are in recovery over substance abuse.
This milestone purchase secures a permanent home for Palmer’s critical services to women and children in Tulsa and across the state of Oklahoma, strengthening their long-term stability and mission impact.
Palmer, Tulsa Women and Children’s Center, (TWCC) provides essential behavioral health, recovery, and supportive services to women and children experiencing some of the most complex challenges in the region. Property ownership ensures continuity of care, protects the organization from displacement risk, and allows more resources to be directed toward programming rather than rising occupancy costs.
“Property ownership represents far more than a transaction for Palmer—it creates a stable and permanent home for our clients and staff, ensures that future improvements directly strengthen our organization, and allows us to expand our vision in support of long-term mission impact,” said Mark Jackson, Palmer Executive Director.
The real estate transaction was made possible through a collaborative financing effort between the Tulsa Economic Development Corporation (TEDC) and MetaFund, an Oklahoma City-based nonprofit Community Development Financial Institution (CDFI).
“Words cannot adequately describe how grateful and excited we are to establish this new partnership with MetaFund and TEDC. We are also deeply appreciative of the management consulting firm, PFE Investments, for serving as a trusted advisor throughout this process, and of the State of Oklahoma for partnering with Palmer over the years and providing the opportunity to lease this facility prior to purchase,” Jackson continued. “We hope this marks the beginning of an ongoing relationship with MetaFund and TEDC, with future opportunities that are mutually beneficial and continue to strengthen the communities we serve.”
The investment represents the first joint CDFI financing between TEDC and MetaFund in the state of Oklahoma, highlighting the power of aligned, mission-driven capital to support community-serving organizations.
“At MetaFund, we envision a future where every community has access to the capital, resources, and support needed to build wealth, secure housing, find meaningful work, and live healthy lives. This first joint CDFI investment reflects our belief that collaboration with strong, mission-aligned partners like TEDC is the most effective way to serve communities and provide sustainable sources of capital. We are proud to support Palmer’s impactful work by financing their property purchase—helping ensure long-term stability for the essential services they provide,” said Sarah Reed, President & CEO of MetaFund.
The purchase also reflects Palmer’s strong leadership and growing national profile. The organization was recently highlighted nationally for its innovative and impactful work. The property improvements completed to date have also significantly increased the value of the asset—strengthening Palmer’s long-term financial position.
“TEDC is proud to support the recent financing of the commercial real estate occupied by the Tulsa Women and Children's Center in Tulsa. Nonprofit ownership of mission-critical facilities strengthens long-term stability, protects essential services, and anchors community impact where it is needed most,” said Ray Fitzgerald, Assistant Director of Loan Programs at TEDC. “This first partnership between TEDC Creative Capital and MetaFund demonstrates the power of CDFI collaboration to align patient capital with community purpose—unlocking economic stability, preserving affordability, and advancing resilient outcomes for Tulsa’s families. Together, we are investing not only in a building, but in lasting pathways to recovery, opportunity, and a stronger local economy.”
Financing on the TEDC side was made utilizing the Oklahoma Business Lending Partnership Program (OBLP) administered by the Oklahoma Center for the Advancement of Science and Technology (OCAST) provided by U.S. Treasury State Small Business Credit Initiative (SSBCI) funds.
Palmer, TEDC, and MetaFund view this transaction as a model for how collaborative capital can expand access to ownership, stabilize essential services, and advance equitable community development across Oklahoma.
Media Contact:
Ed Long
(405) 922-7580
About MetaFund
MetaFund is a nonprofit Community Development Financial Institution (CDFI) investing in impact and expanding economic opportunity through flexible financing and partnerships with banks, philanthropic investors, government entities, and community leaders. Since 1999, MetaFund has deployed more than $470 million and leveraged an additional $540 million in co-investments, with a focus on work, housing, and health. For more information, please visit metafund.org.
About Palmer Tulsa Women and Children’s Center
Palmer Tulsa Women and Children's Center is an Oklahoma-based 501(c)(3) nonprofit and accredited by the Commission on Accreditation of Rehabilitation Facilities (CARF) providing an intensive residential addiction recovery program serving women and their children, providing comprehensive treatment services designed to support long-term recovery and family stability. For more than 22 years, Palmer has been committed to creating a safe, supportive environment where women can heal, strengthen their families, and build a foundation for lasting sobriety and self-sufficiency.
About Tulsa Economic Development Corporation
TEDC was founded in 1979 as Tulsa Economic Development Corporation, a certified Community Development Financial Institution charged with promoting and sustaining small business growth. Today, the organization navigates funding opportunities and offer education customized to small business needs. Over the last five years, TEDC has provided or located more than $150 million to help more than 300 small businesses start, expand, or sustain. In 2005, TEDC began the TEDC Creative Capital brand to reflect the organization’s expanded range of programs and geographic reach. Loans ranging from $5,000 to $10 million are now offered statewide. Since TEDC’s founding, the mission has remained the same: to create economic vitality by encouraging small business growth. TEDC receives funds for lending from the U.S. Department of Housing & Urban Development's CDBG program managed by the City of Tulsa, the U.S. Small Business Administration, the U.S. Department of Treasury's CDFI Fund, and Oklahoma ’s SSBCI Oklahoma Business Lending Partnership (OBLP) powered by the Oklahoma Center for the Advancement of Science and Technology. TEDC works collaboratively with banks, local and state governments, philanthropy, and community leaders to deliver impact-driven financing solutions and long-term impact. For more information, please visit www.TEDCnet.com.