A nonprofit focused on increasing the capacity of low-income communities to develop affordable housing, grow business enterprise and build family and community assets, Covenant Community Capital launched its "Smart Savers Program" in 2001 in partnership with the United Way of the Texas Gulf Coast. Initially funded by a grant from the federal government, the partnership has expanded to include the City of Houston, the Houston Credit Coalition, several private banks, and a network of other community partners. To date, more than 600 low to moderate-income individuals have enrolled and 300 others have completed the program, purchasing a home or financing their education or a small business. Covenant has disbursed more than $1.2 million in match money at a 2:1 match rate.