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Press Release - February 9, 2011

NANAY CEDC Gets Funding for Housing Counseling Services

NANAY Community Economic Development Corporation (NANAY-CEDC), a non-profit affiliate of NANAY Inc. and an organizational member of the Asian American Federation of Florida, is pleased to announce its receipt of a one‐year grant in the amount of $100,000 from the National Coalition for Asian Pacific American Community Development (National CAPACD) to support its housing counseling services.

This grant award marks NANAY's partnership with National CAPACD in its diligent effort to address the current housing crisis and the ongoing housing needs in the community. The funding for this project is part of the $785,000 grant that was awarded to National CAPACD through the Housing and Urban Development (HUD) Fiscal Year 2010's Housing Counseling Program, targeting Asian Americans and Pacific Islanders (AAPI) in 10 states. Of the 28 HUD-approved national housing counseling intermediaries, National CAPACD is the only organization focused on serving AAPI communities.

"Many of National CAPACD's member organizations are at the frontlines assisting AAPIs survive the current foreclosure crisis" said Lisa Hasegawa, Executive Director of National CAPACD. "This grant from HUD represents a significant investment in our communities and an indication of this Administration's commitment to addressing needs in our communities that are often overlooked.”

"This support from HUD is a testament to the hard work housing counselors are doing every day to empower communities about their housing circumstances. These resources will allow organizations to continue providing much needed housing counseling assistance to AAPI communities throughout the country" stated Jane Duong, National CAPACD Housing Program Manager.

National CAPACD's multilingual, nationwide network of housing counselors has become an invaluable resource for homeowners facing foreclosure and has been instrumental in providing financial education and stable housing opportunities for underserved communities. Since its inception in 2008, National CAPACD's housing counseling network has grown to serve over 12 different metro areas in more than 23 AAPI languages.

This grant, designed to help prevent foreclosure, purchase homes, find affordable rental housing and avoid homelessness, will be the first time that NANAY will receive funding from HUD for its existing housing counseling services.