Covenant Community Capital Corporation

Family Asset Building through financial education, coaching, savings prizes, savings matches and 0% loans that equip aspirational working families to secure economic mobility and intergenerational resilience by acquiring affordable homes, accessing quality education,managing risk,and building savings for life.In 24 505 families recd financial education,538 financial coaching,170 saved an emergency fund of $500+,91 wrote their first will(new for 2024),98 recd cash savings prizes,and 54 families earning an average of $34,328 at enrollment rec'd a savings match to buy their first home. A 24 study of Home Mortgage Disclosure Act data by the Nat'l Community Reinvestment Coalition notedThere is a clear indication that Covenant clients are getting much better rates than similar borrowers that do not work with Covenant.This is seen throughout the entire set of data regardless of the borrowersDTI.

Community Asset Building through financing and development expertise to create home and job opportunities for low-income families. Since 2000 Covenant has facilitated the creation of 700+ jobs and 2,336 affordable homes, and restored 351 storm damaged homes. In 2024: we completed lease-up for the 93-unit Sunrise Lofts for youth aging out of foster care we developed for Tejano Center in EADO, and we restored roofs and general habitability for 28 low-income families impacted by Hurricane Beryl for the Greater Houston Disaster Alliance.

Bank on Houston, led by City Controller Chris Hollins, is a collaborative with the Federal Reserve, FDIC, United Way and local banks to help working households access affordable financial services. Covenant is the initiatives nonprofit sponsor and provides staff support and expense administration.