On Wednesday, President Obama announced his nomination of Representative Melvin Watt to lead the Federal Housing Finance Agency (FHFA). As the regulatory agency that oversees Fannie Mae, Freddie Mac, and the Federal Housing Administration, its next director will have a primary role in shaping our nation’s housing policy for years to come. The National Coalition for Asian Pacific Community Development (National CAPACD) supports the nomination of Rep. Watt, who has a proven record of working on behalf of low-income communities.
As you may be aware, some early recipients of checks for the Independent Foreclosure Review (IFR) Payment Agreement were unable to cash their checks. National CAPACD and others joined the Federal Reserve on an emergency call earlier this morning to learn more of the details.
Please follow the link below for more information.
Unless Congress acts by the end of the week, across-the-board cuts will scale back domestic programs and threaten jobs and the social safety net for millions of Americans. These cuts – sequestration – will directly impact a number of federal programs that provide much-needed services to underserved communities still recovering from the foreclosure crisis.
“In just four years during the recession, the number of Asian Americans, Native Hawaiians, and Pacific Islanders living in poverty increased by close to 40 percent," stated Lisa Hasegawa, Executive Director of the National Coalition for Asian Pacific American Community Development, “Sequestration will undermine recent signs of an economic recovery in our communities with unnecessary, destructive cuts to housing counseling, job training, and other programs that are helping families get back on their feet.”
Just a bit of what is at stake in 2013 alone:
75,000 fewer households will receive foreclosure prevention, pre-purchase, rental or other counseling though HUD housing counseling grants
Up to $900 million in cuts to loan guarantees for small business owners
Cuts to rental assistance would put about 125,000 families at immediate risk of losing their permanent housing
Severe cuts to community development initiatives, including a $153 million cut to the Community Development Block Grant program and a $52 million cut to the HOME program will reduce social safety net programs for thousands of low-income AANHPI families
The Fiscal Cliff was averted at the last minute, but there are still significant challenges ahead.
Another round of debt ceiling debates will take place soon. Congress and the White House must pass a new budget. And sequestration is still a very real possibility, threatening the social safety net for millions of low- and middle-class families.
The “fiscal cliff” is a combination of expiring tax cuts and across-the-board spending cuts (“sequestration”) scheduled to take effect on January 1, 2013. If a deficit reduction compromise is not reached by January 1st, automatic cuts will dramatically scale back federal domestic programs, threatening the social safety net for millions of American families. Further, a series of tax cuts is also scheduled to expire at the end of the year, threatening middle class families with an average annual tax increase of $2,000. These two components – steep spending cuts and abrupt tax hikes – would undermine our nation’s economic recovery while needlessly putting struggling families at risk.
On Friday, December 7th, National CAPACD and NCAPA conducted a webinar featuring speakers from the White House and Congress to discuss the latest on the fiscal cliff.
The National Council of Asian Pacific Americans (NCAPA) and the National Coalition for Asian Pacific American Community Development (National CAPACD) present the second in a webinar series focusing on the fiscal cliff and the implications that tax increases and automatic spending cuts will have on Asian American, Native Hawaiian, and Pacific Islander communities. This webinar will provide an overview of the fiscal cliff, describe the impact that cuts and tax increases will have on housing and other social safety net programs that serve vulnerable communities, and highlight opportunities to take action and weigh in on these issues.
Date: Friday, December 7, 2012 Time: 1:00pm-2:00pm (EST), 10:00am-11:00am (PST)
Lisa Hasegawa – Executive Director, National CAPACD
Deborah Weinstein – Executive Director, Coalition on Human Needs
Congresswoman Judy Chu (CA-32)
Gautam Raghavan – Associate Director of Public Engagement, White House Office of Public Engagement Portia Wu -- Special Assistant to the President for Labor and Workforce Policy, White House
National CAPACD seeks an Events and Fundraising Manager to plan and execute our annual DC convention of 200-300 attendees from local nonprofit organizations around the country. In addition, the Events and Fundraising Manager will be responsible for coordinating fundraising events throughout the year.
The Events and Fundraising Manager will be responsible for all aspects of planning and execution of our annual conference including budgeting, program planning, stakeholder involvement, sponsorship, registration, on-site logistics, and evaluation. Reporting to the Director of Operations, the Events and Fundraising Manager will work directly with staff, consultants, local and national partners, board members, volunteers, and vendors.
In addition to the annual convention, the Events and Fundraising Manager will be responsible for creating an annual fundraising plan consisting of a series of special events. We seek a creative and energetic individual who has exciting new ideas for and enjoys putting on fundraising events.
We are a growing nine-person organization looking to add a highly-organized, self-starter who can generate and gather ideas in a collaborative environment and translate ideas into action.
Asian Americans Largely Ignored by Both Parties, Voted for Obama by Huge Margin
Washington, DC—Asian Americans voted for President Barack Obama in enormous numbers this election, according to the Asian American Election Eve Poll, a joint project of the National Coalition for Asian Pacific American Community Development (National CAPACD) and Asian American Legal Defense and Education Fund (AALDEF). While only 41% identify as Democrats, Asian American voters broke for Barack Obama by a huge margin, with 72% voting for the President and 26% for Mitt Romney. In Congressional races, 73% of Asian American voters backed Democratic candidates, while 27% backed Republicans.