Palmer secures long-term home with property purchase through joint CDFI investment
For Immediate Release
January 20, 2026
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 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.
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Media Contact:
Ed Long
(405) 922-7580