Civil Rights Organizations Hail Creation of Financial Crimes Task Force & Steps to Stop Foreclosures

Washington, D.C. - Earlier today, the Obama Administration fulfilled a promise made during the State of the Union address, announcing the creation of a new financial crimes task force to investigate those responsible for misconduct contributing to the financial crisis. NCLR (National Council of La Raza), NAACP, National CAPACD (National Coalition for Asian Pacific American Community Development), and the National Urban League (NUL) applaud the administration for taking a strong stand in the name of banking accountability. more» 

National CAPACD Applauds Cordray Appointment to the Consumer Financial Protection Bureau

Washington, D.C. - Earlier today, President Obama appointed Richard Cordray as Director of the Consumer Financial Protection Bureau (CFPB). We applaud the President for taking this bold step in appointing Richard Cordray to direct the CFPB. Established in 2010, the CFPB plays a critical role in protecting consumers from predatory and abusive practices in the financial marketplace. The recess appointment ensures that the CFPB is able to use its full authority to oversee and regulate non-bank mortgage lenders, credit scoring agencies, debt collectors, payday lenders, and student lenders. more» 

Southeast Asian Americans in the Central Valley are Among Hardest Hit by Foreclosure Crisis

SEARAC and National CAPACD released a report today, "Untold Stories of The Foreclosure Crisis: Southeast Asian Americans in the Central Valley" that for the first time, looks specifically at how the foreclosure crisis has impacted Southeast Asian Americans in the Central Valley of California. The report finds that while Southeast Asian Americans represent between 2-5% of the overall population of each Central Valley county, they tend to be concentrated in low and moderate-income zip codes with the highest rates of foreclosure. more» 

Asian American & Pacific Islander Community Leaders Speak Out Against Federal Budget Cuts

On March 17th organizations representing and serving Asian American and Pacific Islander communities across the country joined together to express their alarm in response to proposed cuts to federal support for essential services for seniors, children, and the poor. This week Congressional leaders agreed to extend funding for federal programs but only until April 8. Community leaders gathered at press conferences in Los Angeles, San Francisco, New York City, and Seattle, to express their concerns. more» 

HUD Awards Grant to National CAPACD Housing Counseling Network

The U.S. Department of Housing and Urban Development (HUD) awarded the National Coalition for Asian Pacific American Community Development (National CAPACD) a $785,000 grant to administer a national housing counseling program targeting Asian Americans and Pacific Islanders (AAPI) in 10 states. more» 

Asian American Communities Collaborate on First Multi-lingual Educational Resource Fair

Queens, New York - As the nation's foreclosure crisis continues to affect thousands of families across the country, the National Coalition for Asian Pacific American Community Development (National CAPACD), a Washington, DC-based advocacy organization, is partnering with its local member organization in Queens, New York to provide an outcome-based solution for the foreclosure crisis in the region. more» 

Community Development Leaders Meet with National Policymakers

Housing and community development leaders convened this week with national policymakers to highlight critical issues impacting low-income Asian Americans, Native Hawaiians and Pacific Islander (AAPI) communities across the country. more» 

FIRST NATIONAL ASIAN AMERICAN & PACIFIC ISLANDER HOUSING COUNSELING NETWORK WINS RECOGNITION BY HUD

Washington DC - Last week the U.S. Department of Housing and Urban Development (HUD) approved the nation's first network of housing counseling organizations dedicated to serving Asian Americans and Pacific Islanders (AAPIs) facing foreclosures or who need general housing counseling. The National Coalition for Asian Pacific American Community Development (CAPACD), is now an intermediary for the U.S. Department of Housing and Urban Development and will support a national network of nonprofit community based organizations in ten states providing services in more than ten AAPI languages and communities. more» 

MUTLI-LINGUAL EDUCATIONAL RESOURCE FAIR FOR HOMEOWNERS IN SAN GABRIEL VALLEY

Los Angeles, CA - The foreclosure crisis has resulted in the advent of a new genre of foreclosure rescue scams targeting the Asian American and Pacific Islander and other vulnerable communities. Borrowers have reported paying anywhere from $500-$7000 to foreclosure modification scammers that collect fees up front and provide no assistance to the borrower. Meanwhile, homeowners risk losing additional savings and continue to face the threat of foreclosure. The immigrant population within the AAPI community has been especially hard hit because information on how to prevent foreclosure and accessing government programs are often not readily accessible in the primary languages spoken by many within the AAPI community. more» 

Six Asian American and Pacific Islander Serving Organizations are Awarded Capacity Building Grants

Washington, D.C. - Today, the National Coalition for Asian Pacific American Community Development (National CAPACD) announced the selection of lead organizations to participate in their innovative capacity-building technical assistance program.

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