Tulsa Housing Fund Launch

Tulsa, Okla. (November 19, 2025) – Housing Partnership Network (HPN) is excited to announce the Tulsa Housing Impact Fund, a new capital resource for affordable housing development and preservation, led by a majority local board of directors and managed by HPN.

The new fund represents a significant milestone in Tulsa’s effort to expand access to affordable and sustainable housing - raising $120 million in mission-aligned local and national capital to invest in Tulsa’s neighborhoods, strengthen local developers, and accelerate sustainable growth.

Tulsa Housing Impact Fund’s generous inaugural partners include The Anne & Henry Zarrow Foundation, Ruth Nelson Family Foundation, George Kaiser Family Foundation, Sanford & Irene Burnstein Family Foundation, Charles and Lynn Schusterman Family Philanthropies, and Coretz Family Foundation.

“By elevating this issue to a national stage and partnering with the Housing Partnership Network, we’re helping to bring proven, scalable solutions to Tulsa,” said Bill Major, chair of the Tulsa Housing Impact Fund and president of The Anne & Henry Zarrow Foundation. “Our lead gift and role as an inaugural board member signal our confidence in this Fund’s potential to attract additional capital and deliver measurable, long-term impact. The funds raised thus far in the amount of $27 million demonstrate strong early momentum.”

In addition to foundation funding, earlier this year HPN responded to the City of Tulsa’s Request for Proposals and was selected to serve as the administrator of the Improve Our Tulsa 3 (IOT3) Housing Fund. The IOT3 Housing Fund includes a $25 million Housing Grant Fund, $7 million Housing Investment Fund, $10 million Housing Acquisition Fund, and $5 million Housing Preservation and Rehabilitation Fund.

“The Impact Fund directly supports our city’s housing goals by channeling both local and national investment toward sustainable, results-driven solutions that will put us on a path to increase our affordable housing stock by 6,000 units by 2028,” said Tulsa Mayor Monroe Nichols. “We’re deeply grateful for the leadership of early partners who recognized the strength of Tulsa’s housing market. We also extend our appreciation to future funders - local and national alike - who will see that an investment in Tulsa is a high-quality investment in a city that delivers on its commitments.”

The Tulsa Housing Impact Fund is the first of its kind for Tulsa and reflects a sustainable model that pairs a locally governed fund with HPN’s nationally proven expertise in administering housing capital. Together, this structure will accelerate the affordable housing development Tulsa urgently needs.

Already HPN’s pipeline for potential loans for review exceeds $100 million.

Robin Hughes, president and CEO of HPN added, “This is an opportunity for HPN to lead in shaping and deploying capital strategically, moving beyond a purely place-based development approach. By leveraging local resources, we can attract national investment and amplify impact in Tulsa.”

Tulsa Housing Impact Fund’s board is composed of a majority of Tulsa-based members, including Bill Major; Gina Stilp, executive director of the Ruth Nelson Family Foundation; Josh Miller, senior program officer for the George Kaiser Family Foundation; Burlinda Radney, president of the Historic Greenwood Main Street Program; and Chuck Garrett, CEO of Cherokee Nation Businesses. The board is also strengthened by national industry expertise from Robin Hughes, Lawrence Hammond, senior vice president and director of the Acquiring Capital and Capacity for Economic Stability and Sustainability (ACCESS) initiative at the Community Preservation Corporation; and Andrea Osgood, chief of real estate development and executive vice president at Eden Housing.

A cornerstone of HPN’s efforts in Tulsa is its new Developer Accelerator, designed to build local developer capacity. It will combine access to flexible capital with additional support to help developers bring affordable housing projects to life. HPN will also expand its team with a Fund President and Loan Officer based primarily in Tulsa to help lead efforts on the ground.

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About Tulsa Housing Impact Fund
The Tulsa Housing Impact Fund is raising $80 million in mission-aligned capital to support shaping an equitable housing future for Tulsa, with a focus on single-family homeownership and historically underinvested neighborhoods. Visit www.tulsahousingfund.org to learn more.

About Housing Partnership Network
Housing Partnership Network (HPN) is a member-driven network of more than 120 of the nation's leading affordable housing and community development organizations. Together, HPN members leverage their collective innovation and expertise to advance solutions that create affordable, livable, and sustainable communities for all. HPN was recruited to Tulsa through engagement efforts first initiated by CDFI Friendly Tulsa, Housing Forward, and The Anne & Henry Zarrow Foundation. In December of last year, HPN announced their selection of Tulsa as their third ever place-based initiative. Visit housingpartnership.net to learn more.