National CAPACD to Expand Financial and Housing Counseling Services

October 23, 2013
Kevin Sanada
(202) 223-2442
National CAPACD to Expand Financial and Housing Counseling Services 
Grant from the JPMorgan Chase Foundation will facilitate additional homebuyer education and increase best practice sharing across partner networks
Washington, DC – The National Coalition for Asian Pacific American Community Development (National CAPACD) announced today that it is has been awarded a $300,000 grant from the JPMorgan Chase Foundation to strengthen its national infrastructure of housing counseling agencies serving Asian American and Pacific Islander (AAPI) communities. The grant is part of JPMorgan Chase’s broader efforts to provide $6.3 million in Foundation grants to support affordable housing programs across the country. 
With this grant, National CAPACD will increase the capacity and technical expertise of its Housing Counseling Network to deliver culturally and linguistically relevant financial counseling services – such as pre-purchase homebuyer education, foreclosure prevention, post-purchase counseling and homeless prevention services – to AAPI communities.
“Asian American and Pacific Islanders continue to be sensitive to the impacts of the housing crisis due to their geographic concentrations in high cost housing markets,” said Lisa Hasegawa, Executive Director of National CAPACD. “This grant will allow us to facilitate additional counseling services to assist households in better understanding their mortgage options, how to purchase a home, seek rental housing and prevent foreclosure. We look forward to our growing partnership with JPMorgan Chase and their continued commitment to better meet the needs of AAPI communities.” 
Additionally, the grant will help support ongoing trainings for housing counselors through peer networking and best practice sharing across National CAPACD’s Housing Counseling Network. Further, through the Alliance for Stabilizing Our Communities, National CAPACD will work closely with National Council for La Raza and National Urban League to develop opportunities for programmatic partnerships.  
“National CAPACD has demonstrated an enormous commitment to support a hard hit community through housing counseling and financial education. We’re pleased to be a part of their continuing commitment to the Asian American and Pacific Islander community,” said Janis Bowdler, Senior Program Director for Financial Capability and Affordable Housing, JPMorgan Chase Foundation.
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National CAPACD is a national advocacy organization dedicated to addressing the housing, community and economic development needs of diverse and growing AAPI communities. National CAPACD’s member-based network includes more than 75 community-based organizations and individuals, including community development corporations, preservation agencies, community-based social service providers and advocacy agencies. Our members are in 17 states, implementing innovative affordable housing, social service, community development and community organizing strategies to improve the well-being of low-income AAPIs.