The National Coalition for Asian Pacific American Community Development (National CAPACD) today released Scrimping + Saving, a groundbreaking report that offers both new data and creative solutions for addressing growing financial vulnerability in low-income Asian American and Pacific Islander (AAPI) communities.
Community-based organizations from across America are convening today through Friday to share local solutions to poverty, disinvestment and inequality at the People & Places Community Conference at the Marriott Wardman Park Hotel at 2660 Woodley Road, NW, Washington, DC.
The National Coalition for Asian Pacific American Community Development (National CAPACD) recently awarded grants to four community based organizations to implement Lending Circles as a way to increase financial capability amongst low and moderate income Asian Americans and Pacific Islanders (AAPIs). Asian Economic Development Association (St. Paul, MN), Asian Services in Action (Cleveland, OH), Center for Pan Asian Community Services (Atlanta, GA), and Hawaiian Community Assets (Honolulu, HI) are the latest additions to a network of community based organizations offering this product to help their clients save while also building their credit. All organizations will begin offering this culturally-familiar model of peer lending in early 2015 in tandem with their in-language financial education and one-on-one financial coaching.
June 11, 2014 (Washington, DC) – The National Coalition for Asian Pacific American Community Development (National CAPACD) announced earlier this week that they will be receiving a $1 million grant over two years from JP Morgan Chase & Co. to implement innovative financial capability programs for low- and moderate-income Asian Americans and Pacific Islanders (AAPIs). With this investment, National CAPACD will support its membership of AAPI-serving organizations as they establish and grow programs that promote greater financial inclusion and economic security amongst youth and residents of affordable housing.
WASHINGTON, D.C.—As the United States shifts to a majority-minority population over the coming decades, banks and other financial institutions will need to develop new strategies and tools to engage the customers of the future: communities of color. A new report, “Banking in Color: New Findings on Financial Access for Low- to Moderate-Income Communities,” examines how low- to moderate-income households across various communities and states are meeting their financial needs, and the levels to which they are financially engaged.
National CAPACD Joins Growing Network of Fasters for Immigration Reform
Community leaders from around the country join “Fast for Families” effort
The National Coalition for Asian Pacific American Community Development (National CAPACD) will fast this week in solidarity with faith, labor, immigrant rights, and community advocates in a call for commonsense reforms to our broken immigration system. Board members, staff, and allies of National CAPACD will fast for 24 hour periods throughout the week in support of the “Fast for Families” advocates currently fasting on the National Mall.
National CAPACD Announces 2013-2014 Community in the Capital Fellows
WASHINGTON, DC - National CAPACD is proud to announce our 2013-2014 Community in the Capital (CITC) fellows! As part of CITC, fellows will address growing poverty in Asian American and Pacific Islander communities by focusing on federal policies that support strategies that help individuals to build assets and achieve economic security. The fellows will examine the federal government’s role in ensuring that low-income communities have opportunities to achieve economic security through a strong social safety net, good jobs, affordable homes, and safe and affordable financial products. The fellowship will begin at the National CAPACD Advocacy Institute, taking place next week in Washington, DC.
National CAPACD to Expand Financial and Housing Counseling Services
Grant from the JPMorgan Chase Foundation will facilitate additional homebuyer education and increase best practice sharing across partner networks
Washington, DC – The National Coalition for Asian Pacific American Community Development (National CAPACD) announced today that it is has been awarded a $300,000 grant from the JPMorgan Chase Foundation to strengthen its national infrastructure of housing counseling agencies serving Asian American and Pacific Islander (AAPI) communities. The grant is part of JPMorgan Chase’s broader efforts to provide $6.3 million in Foundation grants to support affordable housing programs across the country.
National CAPACD Commends Senate for Confirming Richard Cordray to Lead the Consumer Financial Protection Bureau
The National Coalition for Asian Pacific American Community Development (National CAPACD) commends the United States Senate for confirming Richard Cordray as Director of the Consumer Financial Protection Bureau (CFPB). Director Cordray’s confirmation ensures that the agency has full authority to make financial products and services safe and accountable to American consumers. The work of the CFPB is especially critical for Asian American, Native Hawaiian, and Pacific Islander (AANHPI) communities that experienced some of the steepest increases in poverty during the recession.
ASIAN AMERICAN AND PACIFIC ISLANDER POVERTY GROWS IN WAKE OF RECESSION AAPI POVERTY POPULATION GROWS TO OVER 2 MILLION BETWEEN 2007 AND 2011
NEW YORK, NY – The National Coalition for Asian Pacific American Community Development (National CAPACD) unveiled findings from its recent Asian American and Pacific Islander (AAPI) Poverty Demographic Study at a press conference held earlier today at the Ford Foundation.
The “Spotlight: Asian American and Pacific Islander Poverty” study brings attention to communities in need and broadens the conversation about what it means to be AAPI in America. The study reveals that the AAPI poor population grew faster than most other ethnic groups from 2007-2011, increasing by 38% to over 2 million.