About Covenant Community Capital

Our Mission and History

Covenant Community Capital is a 501(c)(3) nonprofit that provides financial education, coaching, savings matches and no interest loans that equip working families to thrive and secure generational resilience by acquiring affordable homes, accessing quality education, managing risk, and building savings for life. Over the last twenty years, we’ve helped thousands from various backgrounds, income levels, and neighborhoods build assets and financial resilience.

Our tools and programs have been underwritten by the United Way of Greater Houston, Houston Endowment, Greater Houston Community Foundation, Texas Attorney General, U.S. Department of Health and Human Services, U. S. Department of Agriculture, Local Initiatives Support Corporation, Capital One, JPMorgan Chase, Wells Fargo, Amegy, and other foundations, businesses, financial institutions, and individuals.

Equipping Families to Manage Risk and Build Savings for Life

  • Our no-cost Prize-Linked Individual Development Accounts (IDA) provide incentives to save for emergencies and periodic purchases by enabling families to participate in prize drawings once savings benchmarks are reached and maintained.
  • Credit education classes prepare aspiring savers and homebuyers to establish bank relationships, track expenses, create a budget, manage credit, and retire debt.
  • The Seven Assets for a Rich Life workshop equips families to manage risk, cultivate well-being, and foster resilience and peace of mind.

Helping Families Acquire an Affordable Home and Access Quality Education

  • Aspiring homebuyers can receive a 1:1 saving match on up to $2,000 in IDA savings, plus a 1:1 bonus match once financial and educational milestones are attained.
  • Families learn homebuying tricks and tips in Homebuyer Club workshops.
  • If needed, credit can be improved with a Homebuyer Club Credit Builder Loan.
  • New owners build homeownership skills in the Life as a Homeowner Workshop.
  • Covenant homeowners are eligible to leverage up to $250 in IDA savings with a 4:1 Worklife Savings Match towards their child’s higher education expenses.