Covenant Community Capital Corporation is a human service organization that has provided three AFI grants since 2004, with the objective of building assets for low-income individuals and families in Houston, TX.
Covenant Community Capital Corporation emphasizes homeownership, postsecondary education, and small business expansion or startups, with the goal of helping individuals and families attain greater economic self-sufficiency. This grant has been successful in improving administrative procedures, developing a partnership that has resulted in credit reports being made more accessible to participants, and guiding participants through the asset purchasing process. Over the last eight years, they have graduated over 400 households from its Smart Savers IDA program and the program benefits from long-standing relationships with area community development corporations (CDCs) and United Way agencies.
Partners for Covenant Community Capital Corporation include Avenue Community Development Corporation, Reward Third Ward, Fifth Ward Community Redevelopment, Madres de Madres, the Work Source, Houston Credit Coalition, and United Way of the Texas Gulf Coast, Wells Fargo, the Houston Asset Building Coalition, Texas Office of the Attorney General (OAG), Baylor College of Medicine’s (BCM) Young Fathers/Bootstrap project, Wells Fargo, area community development corporations (CDCs), and United Way agencies; all providing program support.
Assets for Independence Grant History
Smart Saver IDA Program
1310 IDAs have been opened.
606 participants have received financial education.
$2,598,049 saved by participants.
272 participants have purchased an asset.
Total AFI Funding
Total AFI Grant Funding:
Total Non-Federal Support: $1,300,000
Covenant Community Capital Corporation will target eligible individuals and families in inner city Houston, which includes Harris, Montgomery, Brazoria, Galveston, Fort Bend, Waller, Jefferson, Liberty, and Chambers counties in Texas.