Texas community resource
Prize-Linked Individual Development Account
Covenant Community Capital
A no-cost individual development account that encourages emergency and planned-purchase savings through prize drawings after savings benchmarks are maintained.
Information last checked:
How to get help
Email [email protected] with the participant's full legal name, email address, and phone number to request current enrollment information and an asset-building starter kit. Account enrollment and prize eligibility are determined by current program rules.
Who this service helps
Families seeking to build savings. The official current program description does not publish complete income limits, account-opening requirements, benchmark amounts, or prize schedules.
Where this service is available
Service area: Houston-area working families, with the program administered from Covenant Community Capital's Harris County office.
A service area describes where help is offered or who may be served. It is not necessarily the organization’s physical location.
Cost / fees
No cost for the Prize-Linked Individual Development Account program; account terms and savings requirements must be confirmed during enrollment.
About this service
Covenant Community Capital's Prize-Linked Individual Development Account provides incentives for families to build savings for emergencies and periodic purchases. Participants become eligible for prize drawings after reaching and maintaining program savings benchmarks.
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