In the News

In the News: Finance is More of a Problem in Low-Income Asian American Communities

By: Boonyalak Charoenkitkan 
Sereechai Newspaper

National CAPACD released "Scrimping+Saving" Report at a press conference with U.S. Congresswoman Maxine Waters on April 1, 2015.

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In the News: Asian Immigrants Financial Report Release

By Pheel Wang
LA18TV

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. 

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In the News: Asian Americans Financially Vulnerable

By: Reporter Sam Lee
LA18TV (Korean)

A study reveals that compared to other communites, Asians are more financially vulnerable.  The summary of the released report is presented by Reporter Sam Lee.

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In the News: Survey: Diversity of Asian America Hides Wealth Gap

By: Emil Guillermo
NBC News

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.

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In the News: Community Development and Hot Markets

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.

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In the News: Keeping Justice in Mind as We Talk Asset-Building

By: Miriam Axel-Lute
From: Rooflines
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.

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In the News: From Internment to Advocacy, One Family's Journey

By: Lisa Hasegawa, Executive Director at National CAPACD
From: NBC News

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."
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In the News: From Homelessness to Homeownership: Story of a Native Hawaiian Veteran

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.
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In the News: Challenges Navigating the Housing Process Faced By Asian American and Pacific Islander Families

By: The Office of Housing Counseling, U.S. Department of Housing and Urban Development
 
Overwhelmed by Foreclosure
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.
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In the News: Activists Have Long Known That Donald Sterling Is Racist

By: Josh Ishimatsu, Director of Capacity Building and Research at National CAPACD
From: Rooflines

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.  
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