The Our Neighborhoods Capital Fund (ONCF) is an emerging CDFI that meets the capital needs of community development organizations serving low-income Asian American and Pacific Islander (AAPI) communities.
Established by National CAPACD in 2023, ONCF serves as a new vehicle for advancing the organization’s efforts to prevent displacement of our AAPI communities from the nation’s most expensive and quickly gentrifying markets. AAPIs face a disproportionate risk of displacement compared to other racial ethnic groups in the US.
Through strategic investments in real estate development projects that help to maintain neighborhood affordability, paired with relevant and timely technical assistance, ONCF helps to ensure that individuals with low-income and community-serving businesses and non-profit organizations can remain in their neighborhoods of choice. This work complements and builds on National CAPACD’s two decades of experience in policy advocacy, grantmaking, and organizational capacity building.
Through the ONCF, National CAPACD will deepen its commitment to advancing the work of our members to prevent displacement and create places of belonging for AAPIs. Below are examples of real estate projects from our members across the country that inspire us to invest in this work. Some projects are complete, others in the nascent stages of pre-development, and others are about to break ground. All would have or can still benefit from greater investment of affordable, patient capital. The model minority myth has only served to mask the tremendous economic inequality that exists in AAPI communities – rendering our needs invisible or excluding AAPIs from community development investment programs altogether.
ONCF seeks to be that capital and capacity-building resource for our members. Our goal is to achieve an inclusive economy with fair, equitable access to capital for all.
ONCF’s Board of Directors includes:
Please contact Cindy Wu, Chief Executive Officer of ONCF, at cindy@nationalcapacd.org, for more information about the Our Neighborhoods Capital Fund.
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Chief Executive Officer (CEO)
Pronouns: She/Her/Hers
Cindy Wu serves as the Chief Executive Officer of the Our Neighborhoods Capital Fund. Cindy is a recognized leader in community development, working to advance equity through collaboration. As Senior Executive Director, she led the LISC Bay Area office to grant $15 million and lend over $400 million to community-centered real estate from 2020-2024. Prior, Cindy worked at Chinatown Community Development Center as Deputy Director where she oversaw affordable housing development, property management, and internal operations through a period of growth. Cindy is a pragmatic problem-solver and holds a deep commitment to decision-making by residents, merchants and other neighborhood leaders to determine their own fate. She holds a Masters in City Planning from MIT and BA in Architecture from UC Berkeley, and previously served on the SF Planning Commission.
Director of Lending & Operations
Pronouns: She/Her/Hers
Clara joins ONCF with nearly a decade of commercial real estate lending experience across the financial services sector, including commercial banks and community development finance institutions (CDFIs). Previously, she was the Community Development Underwriter at Local Initiatives Support Corporation (LISC) in her hometown of Los Angeles. While at LISC LA, Clara originated and underwrote early-stage and construction financing for the production and preservation of affordable housing in Greater Los Angeles. Clara is an alumnus of the University of Southern California and received her Master’s in City Planning from the Massachusetts Institute of Technology.
