Headquartered in Washington, National Coalition for Asian Pacific American Community Development released a report after surveying fourteen different Asian American immigrant communities on financial services. The report ound that non-English-speaking families are more likely to be financially vulnerable. Most Chinese immigrants do not know their credit score and do not know how you can take advantage of gaining more knowledge about financial management.
A new survey by the National Coalition for Asian Pacific American Community pulls apart the national numbers to show how generational gaps, ethnicity, and language proficiency influence the fastest-growing population in America's financial well being.
By: Josh Ishimatsu, Director of Research and Capacity Building at National CAPACD From: Rooflines Posted: March 31. 2015
At the People and Places Conference earlier this month, we organized a mini-track around “Community Control and Hot Markets.” On the kick-off panel, Malcolm Yeung fromChinatown Community Development Center in San Francisco cited a mind-blowing number–SRO residential hotel units in San Francisco are seeing rents on the order of $1,300 per month.
By: Miriam Axel-Lute
September 23, 2014
I attended my first ever Assets Learning Conference, put on by CFED last week, and I have to say it was mighty impressive.
And I was particularly pleased to see that economic justice and things like reforming the tax code to be less regressive and reward savings by low- and middle-income Americans, rather than mostly the already wealthy, were being given an important place next to what feels like the aset-building movement's bread and butter discussions of savings programs and financial education.
I remember my 94-year-old grandmother, Mary Masako Kanase, standing with tears in her eyes, reading the inscription on the stone memorial at the Japanse-American internment camp in Jerome, Arkansas this past October. She held my hand and said to me, "I'm so glad people remember."
By: The Office of Housing Counseling, U.S. Department of Housing and Urban Development From: "The Bridge"
Oahu, HI - In January 2011, Native Hawaiian Veteral and Hawaiian Home Lands beneficiary, Larry Kawaauhau Jr. (pictured) enrolled in Hawaiian Community Assets’ (HCA) financial literacy/rental education and credit counseling program. Years prior, Larry had dedicated himself to serving in the U.S. Army only to come back home to Hawaii with family conflicts and limited employment options. Faced with this reality, he soon became homeless as he continued to wait for his lease award on Hawaiian Home Lands.
For Firoza, a mother living in Queens, New York, the foreclosure process was too overwhelming. She wasn't opening her mail. She wasn't answering the phone. She wasn't talking to people. That's what the stigma and fear of foreclosure did to her. Instead, she quietly went to a private realtor who asked for $2,000 to help her get out of foreclosure. After paying the money, the realtor came back and told her the bank had denied her request.
I am a huge sports fan and I grew up in and currently live in the San Francisco Bay Area. So, of course, I am cheering for the Golden State Warriors in their playoff series against the Los Angeles Clippers. I wish I could enjoy the excitement of NBA Playoff Basketball without the ugly reality of racism intruding into my fandom.