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Asian Americans For Equality

108 Norfolk Street
Ground Floor
New York, NY 10002
U.S.

Contact: Christopher Kui, Executive Director
Phone: 212-979-8381
Fax: 212-979-8386
URL: www.aafe.org
Email: info@aafe.org
Asian Americans For Equality

Asian Americans for Equality (AAFE) is a community-based nonprofit organization that is committed to improving the lives of newcomers and low-income New Yorkers.  Our mission is to help immigrants, low-income families, and minorities to realize their personal and professional goals.  We serve over 45,000 members, clients and residents from throughout New York City.  AAFE received the 1998 Fannie Mae Foundation’s Sustained Excellence Award for its accomplishments in providing affordable housing development.

Program

Advocacy and Community Education team teaches community residents, stakeholders and supporters to engage in New York’s civic life and to speak out on immigrant, housing and quality–of-life issues.  Renaissance Economic Development Corp. assists entrepreneurs who are seeking to start or expand a small business by providing them with direct loans, grants and individual counseling.  REDC provides loans and technical assistance to hundreds of minority- and women-owned businesses and entrepreneurs, and since 1997, REDC has assisted over 2,500 small business owners, with nearly $15 million in capital. 
As the first homeownership center serving New York City’s Asian American community, Community Development Fund’s objective is to expand housing opportunities in under-served communities by providing full cycle of homeownership services (pre-and post-purchase) and offering education through workshops and seminars.  In its eleven-year history, AAFE CDF has secured over $176 million in mortgage financing for over 1,300 clients, while providing counseling to almost 6,000 prospective homeowners. 
Since 1988, Community Planning and Development has completed s over 500 residential and 35 commercial units through the investment of nearly $60 million of public and private funds.  Community Planning and Research provides planning research to strengthen our public policy, project-based advocacy and community-based technical assistance.  Community Technology Center offers computer classes and internet access to adults and youth.  On an annual basis, over 500 students enroll in classes and 900 people make use of the Center’s facilities.  
More than 20,000 low-income residents use Housing, Immigration and Social Services each year for legal counseling, anti-eviction assistance, English-as-a-Second language instruction, entitlement services, and citizenship assistance.   Opened in October 2005, our Community Center/b> provides a gathering place for AAFE tenants, clients, and other neighborhood residents to participate in cultural and educational programs.  AAFE Management Company, Inc. manages all of its developments including over 425,350 residential units and 30 commercial storefronts.

Client Population

While AAFE served Manhattan’s Chinatown/Lower East Side and Flushing, Queens, we receive clients through all five NYC boroughs.  Although our clients tend to be minorities, many of whom are new immigrants, we serve a diverse population with approximately 75% being Asian, 15% Latino and 5% African American and 5% Caucasian.  About 40% of its clients are women.  Many of AAFE’s clients are also senior citizens.  AAFE serves over 20,000 low-income families each year.

Impact

Since its inception, AAFE has developed more than 600500 affordable housing units in the Lower East Side/Chinatown areas of Manhattan and various Queens neighborhoods. Community development projects led by AAFE have revitalized abandoned streets for commercial use, and have maintained the safety and cleanliness of community parks. AAFE is engaging in neighborhood wide planning initiatives in Lower Manhattan and Flushing, Queens to plan for strategic growth in both areas.
Since 1986 the Planning and Development team has leveraged over $80 million in financing to produce housing for low and moderate-income residents and it currently manages over 425 residential units. In addition to housing, AAFE has over 500 registered users in its Computer and Technology program receiving computing access and education.

Story

Asian Americans For Equality
Due to various circumstances, the Barron family lost their home to the City - a home that had been in their family for over a hundred years. Asian Americans for Equality's affiliate, the AAFE Community Development Fund (CDF), provides direct lending and pre- and post-purchase homeownership counseling to first time homebuyers. CDF helped the Barrons re-purchase their home with various support grants from private foundations and government programs, giving them the fresh start they deserved. Full Story

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