HOW IT WORKS
Covenant equips working families to thrive financially and secure assets for intergenerational resilience by acquiring affordable homes, managing risk, accessing quality education, and building savings for life. Covenant's proven tools help families achieve these goals. The steps to success include:
1. Open a no-cost individual development savings account (IDA).
2. Attend no-cost cl
asses to build credit and homeownership skills.
3. Create and implement a personalized savings plan and home plan with help from savings and home coaches. Families meeting eligibility may also receive a match up to $2,000 of their savings, plus help with other available assistance.
4. Attend a post-purchase class on succeeding as a homeowner. Families receiving a home savings match may also receive coaching and matched savings to help with their children's education. MATCHED SAVINGS ELIGIBILITY
- Seeking a home in the Houston MSA within 3 years
- Earn less than the income limits
- 18 or more years of age with a Social Security number
GET STARTED
- Download an application at www.CovenantCapital.org, or
- Email [email protected]
- Call 832-879-2200
Covenant is a nonprofit and Houston's oldest community development financial institution. Individuals, businesses, banks, the United Way and the US Department of Health and Human Services underwrite Covenant's proven tools to help striving families build financial resilience.
