Founded in 1998, Covenant Community Capital is Houston's oldest US Treasury certified Community Development financial Institution (CDFI). Covenant helps families build assets through financial education, coaching, savings matches and no-interest loans that help households assess their financial status, develop a savings plan, build good financial habits, access prudent financial services and acquire productive assets that yield long-term stability such as a home, business or college education. Over 2000 families with incomes averaging $20,000 have benefited from Covenant's financial education and coaching, recently including a number of fathers in partnership with the Texas Attorney General and Baylor College of Medicine. Nearly 500 of these have used a Covenant savings match to buy a home, capitalize a business or attend college. No foreclosures are known among Covenant graduates. In the past 5 years Covenant and its affiliates have also developed 790 affordable housing units, including homes for working families, seniors and disaster victims. Covenant’s financing and technical assistance have also facilitated the creation of over 500 jobs and an additional 1034 affordable homes. Covenant also serves as the nonprofit sponsor of Bank on Houston in partnership with the Houston City Controller, the Federal Reserve Bank of Dallas, and 11 banks.
Stephan Fairfield, President and CEO
Housing Partnership Network
One Washington Mall, 12th Floor
Boston, MA 02108
Phone: 617-720-1999 / Fax: 617-720-3939
© Copyright 2004–2015, The Housing Partnership Network. All Rights Reserved.