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.
The East Bay Asian Local Development Corporation (EBALDC), in partnership with the Federal Reaserve Bank of San Francisco, released a report, "Money Savvy Youth: Evaluating the Effectiveness of Finanial Education for Fourth and Fifth Graders", which found that youth participating in EBALDC's Money Savvy Youth program demonstrated "an increase in financial knowledge and self-reported positive financial behaviors".
Join us for an end-of-summer reception in Chicago, Illinois on Friday, September 14, 2012 from 6pm to 9pm at the Cambodian American Heritage Museum!
This end-of-summer reception, “Celebrating the Power of Collaboration and AAPIs in the Community Development Movement,” will bring together Chicago’s leading community development practitioners, leaders, and activists for a night of fun; entertainment; networking; and opportunities to learn about local best practices and innovative programs as well as connect to a growing national movement of Asian Americans and Pacific Islanders (AAPIs) in community development.
This Friday, August 10th, a memorial service will be held for the six individuals who lost their lives in the tragic shooting at the Gurdwara in Oak Creek, Wisconsin. The 178 undersigned community of civic, faith-based, immigrant rights, and civil rights organizations expresses our deepest condolences to the victims and their families affected by the mass shooting which left six individuals dead, at least three others critically injured, and many others wounded. We are grateful for the efforts by many Gurdwara congregants, first responders, and the local community in Wisconsin who helped to save lives and prevented an even greater loss of life from occurring.
Deadline to submit an application for an Independent Foreclosure Review (IFR) is December 31, 2012
In response to servicer misconduct, The Independent Foreclosure Review (IFR) is a program mandated by The Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency (federal bank regulators). 14 major loan servicers are now offering eligible borrowers a free and impartial Independent Foreclosure Review by an independent consultant to identify those who may have been financially injured due to errors, misrepresentations or other deficiencies in their foreclosure process. If the review finds that financial injury occurred, the customer may receive compensation or other remedy.
Instructions to help fill out and submit an IFR are available in multiple languages, including: English, Korean,
Governor Jerry Brown has proposed to use a significant portion of funding from the recent National Mortgage Settlement - originally intended for housing counseling, education, and homeowner outreach - to fund other programs.
The California Legislature’s deadline to adopt a budget for the 2012-2013 fiscal year (starting July 1st) is tomorrow, Friday, June 15th. Senator Mark Leno chairs the Senate’s Budget and Fiscal Review Committee, and could intervene in these negotiations in favor of retaining the $411 million for counseling and education.
If you or your organization would like to weigh-in in opposition to the Governor’s proposal, we encourage you to call Senator Mark Leno’s Capitol office at 916-651-4003.
"The President announced yesterday a comprehensive plan to assist at-risk homeowners, renters and neighborhoods recover from the housing crisis. National CAPACD applauds the Administration for prioritizing housing issues critical to our nation’s economic recovery and for leadership in focusing the attention, resources and power of so many federal agencies to this cause. “We are very pleased about the expansion of HAMP eligibility to include greater incentives for principal reductions and also the inclusion of $1 billion in mandatory funding in the President’s 2013 Budget for the Housing Trust Fund. The trust fund will go a long way to finance development and preservation of affordable rental housing. We look forward to working with the Administration to let AAPI communities know about the Homeowners Bill of Rights and about the relief that may be available through these new initiatives.”
Our constant drum beat for more lasting solutions for the housing crisis is working! Last Friday, the administration made two announcements critical to reviving the housing market. First, President Obama made good on his State of the Union promise, and created a new investigative working group, led by New York Attorney General Eric Schneiderman, that would take on the abuses that triggered the housing crisis. Second, the administration made significant changes to HAMP including extending the program through 2013 and providing more incentives to mortgage servicers to offer modifications with principal reduction, and extended these incentives to Fannie Mae and Freddie Mac.
A statement from National CAPACD Executive Director Lisa Hasegawa on Tuesday’s State of the Union:
“With economic security still beyond reach for millions of families, I am encouraged by the President’s commitment to a recovery that emphasizes fairness and responsibility for all Americans,” said Lisa Hasegawa, Executive Director for National CAPACD. “The President’s proposals are a step in the right direction, but we cannot stop there. Much more needs to be done to address the many challenges that we face as Asian Americans, Native Hawaiians and Pacific Islanders. We look forward to working with the Administration and Congress to ensure that working families and low-income communities are not left behind during this recovery.”