Our Neighborhoods Capital Fund

Investing in Asian American and Pacific Islander Neighborhoods and Communities

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 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.

Why Invest in AAPI Neighborhoods


The ONCF Leadership

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.

ONCF’s Board of Directors includes:

  • Board Chair - Seema Agnani, National CAPACD
  • Vice Chair - Angie Liou, Asian Community Development Corporation
  • Treasurer - Rachelle Arizmendi
  • Secretary - Joyce Pisnanont, National CAPACD
  • Che Wong, Craft 3
  • Jeff Gilbreath, Hawaiian Community Lending

In-Language Assistance

If you speak a language other than English, language assistance services, free of charge, are available to you. Please email info@nationalcapacd.org or call (202) 223-2442 to request interpretation. 

如果您使用英語以外的語言,可以免費獲得語言協助服務。請發送電子郵件至 info@nationalcapacd.org 或致電 (202) 223-2442 請求口譯服務。

Nếu bạn nói một ngôn ngữ không phải tiếng Anh, các dịch vụ hỗ trợ ngôn ngữ sẽ được cung cấp miễn phí cho bạn. Vui lòng gửi email tới info@nationalcapacd.org hoặc gọi (202) 223-2442 để yêu cầu thông dịch.

영어 이외의 언어를 사용하시는 경우 언어 지원 서비스를 무료로 이용하실 수 있습니다. 통역을 요청하려면 info@nationalcapacd.org로 이메일을 보내거나 (202) 223-2442 으로 전화하십시오.

Yog tias koj hais ib hom lus uas tsis yog lus Askiv, cov kev pabcuam hais lus dawb, muaj rau koj. Thov xa email rau info@nationalcapacd.org lossis hu rau (202) 223-2442 txhawm rau thov kev txhais lus.

ប្រសិនបើអ្នកនិយាយភាសាផ្សេងក្រៅពីភាសាអង់គ្លេស សេវាកម្មជំនួយភាសា គឺមិនគិតថ្លៃទេ អាចរកបានសម្រាប់អ្នក។ សូមផ្ញើអ៊ីមែលមកកាន់ info@nationalcapacd.org ឬទូរស័ព្ទទៅលេខ (202) 223-2442 ដើម្បីស្នើសុំការបកស្រាយ។

ONCF’s Language Access Plan can be found here

For More Information

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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