Earlier this week, the U.S. Senate confirmed Erika Moritsugu to serve as the next Assistant Secretary for Congressional and Intergovernmental Relations at the Department of Housing and Urban Development (HUD).
“Over the years, Erika Moritsugu has been a strong advocate for the needs of Asian Americans, Native Hawaiians, Pacific Islanders (AAPIs) and other underserved communities and I am confident that she will bring this same commitment to her work at HUD,” said Lisa Hasegawa, executive director for the National Coalition for Asian Pacific American Community Development (National CAPACD).
Yesterday, the Senate confirmed San Antonio Mayor Julian Castro as the next Secretary of Housing and Urban Development. He replaces Secretary Shaun Donovan who earlier today was confirmed to serve as the Director of the Office of Management and Budget.
May 20, 2014 – Asian American and Pacific Islander communities from across the country have come together to launch the Immigrant Integration Financial Capability program, a pilot project, funded by the Citi Foundation, that will help low-income immigrants save and pay for the cost of citizenship, starting a business or other elements of the American Dream. The Chinese American Service League (Chicago, IL), Chinese Community Center (Houston, TX), Chhaya Community Development Corporation (Jackson Heights, NY) and Korean Resource Center (Los Angeles, CA) have been selected from a national pool to implement this innovative program.
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.
I remember my 94-year-old grandmother, Mary Masako Kanase, standing with tears in her eyes, reading the inscription on the stone memorial at the Japanse-American internment camp in Jerome, Arkansas this past October. She held my hand and said to me, "I'm so glad people remember."
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.