According to research, the quality and time put into parenting is more important than the sexual orientation of the parents.
"Does parental sexual orientation have an important impact on child or adolescent development? Results of recent research provide no evidence that it does. In fact, the findings suggest that parental sexual orientation is less important than the qualities of family relationships. More important to youth than the gender of their parent's partner is the quality of daily interaction and the strength of relationships with the parents they have." - Charlotte J. Patterson, "Children of Lesbian and Gay Parents" 2006
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Note: To learn more about foster care check out Foster Care 101 - Foster Care Information for Those Interested in Caring for Children in Need.