Newsletter

Join National CAPACD for our 25th Anniversary Gala on June 27 at the National Portrait Gallery in Washington, D.C., to uplift and celebrate our transformative impact in Asian American, Native Hawaiian, and Pacific Islander communities. This elegant evening will feature an inspiring program, special honorees, and cultural performances that reflect the diversity and strength of our communities. Don’t miss your chance to purchase tickets at a special early bird rate through May 26.

As part of our ongoing series to report our progress on the strategic priorities we committed to three years ago, we shared two announcements in April: our new website and the Cultural Anchors Program. If you missed these strategic priority progress updates, you can reference them below:

You can also reference our previous updates: 

Stay tuned as we continue to share our progress on each of our strategic priorities, remaining grounded in purpose despite the challenges of this current moment.

Federal bank regulators announced their intention to repeal a recently modernized version of the Community Reinvestment Act (CRA), a landmark piece of legislation enacted in 1977 that establishes an affirmative obligation on financial institutions to provide credit to everyone in the communities where they do business. National CAPACD urges regulators to preserve the existing rule. While not perfect, the modernized CRA is a significant improvement over the old framework, and was finalized after years of careful examination and input from numerous stakeholders. The new CRA incentivizes needed investments in affordable housing, community development, and small business creation and retention, and it adopts more robust metrics to gauge how well banks are satisfying their obligations under the rule.