Snapshot of Our Strategy:
National CAPACD's signature technical assistance program focuses on the strength of peer-to-peer learning in sharing and disseminating best practices. ACTION TA provides member organizations with sub-grants to participate in peer learning groups that center on building their knowledge of and capacity to engage in various initiatives. These include community planning, financial education and financial capability, affordable housing and real estate development, and economic development. National CAPACD works closely with our network of community-based organizations to mentor and coach new social service organizations as they develop programs and services.
2016 Highlights from Our Programs
- Our ACTION TA program awarded funds to 25 member organizations to support capacity building and program development in small business, youth financial capability, and housing counseling
- We launched innovative research on AAPI multi-generational approaches to asset building, Foundations for the Future: Wealth Building in AANHPI Communities. Along with Hawaiian Community Assets and Brandeis University, this research will document and highlight culturally-responsive practices that best serve low and moderate income immigrant and refugee communities.
- In partnership with the National Association for Latino Community Asset Builders, we launched the Fair Housing: Shared Opportunity in Every Community campaign. This national campaign engaged AAPI and Latino communities through social media and outreach to inform them about Fair Housing rights and how to report potential violations.
Snapshots from Our Programs
Congratulations MWRC and Hana Center on becoming HUD Certified Housing Counseling Agencies!
Earlier this Spring, Muslim Women Resource Center (MWRC) and Hana Center (formerly known as Korean American Community Services) were approved as HUD-certified Housing Counseling Agencies – greatly increasing the availability of culturally-appropriate housing counseling to low-income AAPI communities in Chicago. Congratulations to both for their three years of hard work toward certification, and a special thank you to Chinese American Service League (CASL) for serving as their technical assistance provider in this project. This peer learning project (National CAPACD’s ACTION TA program) was made possible through multiple years of support from Capital One.
The Min Family and ASIA: Success Stories from National CAPACD’s Housing Counseling Network
In honor of the 2017 National Homeownership Month theme “Find Your Place in a New Era of Homeownership,” National CAPACD spotlighted real stories about how our members are helping their communities navigate modern day homeownership.
Mrs. Min and her husband resettled in Akron, Ohio and found jobs working in factories. Mrs. Min thought that it would be easy to receive a credit card from a bank, but with little credit history, Mrs. Min was swiftly declined. To her surprise, Mrs. Min and her husband’s credit score were both zero. Mrs. Min eventually wanted to receive a loan to buy a house, but knew that she was far from homeownership if she could not establish good credit. In November 2015, Mrs. Min and her husband met with ASIA’s bilingual staff to perform an initial intake, understand their needs, and establish an action plan. ASIA’s staff informed Mrs. Min and her husband that they would need about six months to increase their credit score before they could get a loan for a home. Mrs. Min and her husband left feeling angry and upset.
Two months later, after Mrs. Min admitted no other agency would help them because of their limited English proficiency, Mrs. Min and her husband came back to ASIA and agreed to execute the action plan designed for them. Mrs. Min and her husband enrolled in ASIA’s Lending Circle program and attended various group education workshops including financial education, homebuyer education, and one-on-one counseling. ASIA’s housing counselor worked with Mrs. Min and her husband to guide them through the mortgage process after completing their education so they fully understood their responsibilities of a homeowner. After receiving their first pre-approval, Mrs. Min came back to ASIA in tears and told staff that they had finally bought a house. Mrs. Min and her husband had achieved their dream that they once thought would never become a reality
Like our Facebook page to read another client story foreach week of Homeownership Month!
Did You Know?: Fast Facts about AAPI Businesses
April 30 to May 6 marked National Small Business Week! Here are some key takeaways about AAPI small businesses across the United States:
- Asian-owned businesses account for over 1.9 million out of 27.6 million (6.9% of all businesses are Asian-owned) businesses in the United States.
- Asian-owned businesses employ over 3.6 million employees across the United States.
- From 2007 to 2012, Asian-owned businesses grew 23.8%, faster than the rate of all U.S. businesses (2.0% percent) during the same time period.
- Filipino and Vietnamese are the only AAPI subgroups where more than half of all businesses are women-owned, 51.1 percent and 51.4 percent, respectively.
- California was home to more Asian owned businesses than any other state in 2012 with 604,870, followed by New York (243,105) and Texas (155,784).
Here’s To You: Celebrating Our Membership’s Financial Capability Work
April marks Financial Capability Month, a month dedicated to increasing awareness of economic security and helping people make informed financial decisions. In honor of Financial Capability Month, National CAPACD and our partners at AFIRE, AMCS, AEDA, ASIA, CPACS, Chhaya CDC, CASL, CCC, HCA, KRC, and Sapna NYC will soon release “A Financial Capability Toolkit: Building Community, Creating Opportunity,” a resource that provides our membership and other community-based organizations best practices and lessons learned from our immigrant integration financial empowerment project conducted from 2014 to 2016. Check out the video above for a closer look at the project and its impact on AAPI communities.
Beginning in 2014, National CAPACD partnered with member organizations to implement an innovative financial capability project that combines immigrant integration activities (i.e. ESL, citizenship classes) and financial education classes with access to Lending Circles, a credit building tool created by the Mission Asset Fund. National CAPACD and our membership sought to utilize Lending Circles as a financial capability tool to bring more low-income AAPIs into the financial mainstream and better understand how others can grow or refine culturally-relevant financial capability programs in their own communities. Thanks to generous support from Citi Foundation and Citi Community Development, the Financial Capability Toolkit is a culmination of National CAPACD’s and our membership’s expertise and lessons learned over the past few years. Keep your eyes peeled for the release of our toolkit at the end of Financial Capability Month!