May is Asian American and Pacific Islander Heritage Month! Join us as we honor our leaders of AAPI heritage who have impacted our industry, discuss homeownership stats and discover ways you can get involved.
SAVE THE DATE
On May 19th, we’re co-hosting an Asian American & Pacific Islander Heritage Month celebration with our Industry Partner, AREAA Chicago, at the Zhou B Art Center! Join us in celebrating AAPI professionals throughout the real estate industry. Register here.
Share Our Small Business Grants with Asian American & Pacific Islander Businesses
This year, we will be awarding grants to small business owners who have made a significant, lasting impact within their communities. In honor of Asian American & Pacific Islander Heritage Month, we will be awarding Asian American & Pacific Islander small business owners with a brick and mortar location impacted by the COVID-19 pandemic with a $1,000 grant. Please note that real estate brokerage offices are ineligible; however, small and owner-occupied property owners may apply (six units or less). Former grant winners are also ineligible to receive this year’s grant.
Click here to begin the application today or share it with a local business owner! The deadline to apply is Friday, May 20.
GET TO KNOW OUR INDUSTRY TRAILBLAZERS
These AAPI REALTORS® have volunteered their time to our industry and association. Thank you for your dedication!
Meet Our Past Presidents:
Meet Our AAPI Leaders:
Meet Chicago’s First Chinese-American Alderperson:
AAPI HOMEOWNERSHIP STATISTICS
Do you know about the current state of Asian American and Pacific Islanders in the U.S. and Chicago area? View the stats below, and find out more in our Industry Partner AREAA’s State of Asia America Report.
- Over 19 million AAPI’s live in the country, accounting for 5.6% of the total U.S. population
- Asian American Median Household Income – $93,759
- Pacific Islander Median Household Income – $66,464
- Top languages spoken by AAPI LEP (Language English Proficient) speakers are: Chinese, Tagalog, Vietnamese, Korean
Chicago-Naperville-Elgin, IL-IN-WI specific data:
- About 12% of total AAPIs (2.7 million) live in the Midwest. Though AAPIs makeup less than 4% of the regional population.
- More AAPIs live in Cook County than anywhere else in Illinois, which include Chicago and the city of Elgin, comprising nearly half of the state’s AAPI population.
- More than 30% of the Asian Indians and Chinese subgroups who live in the Midwest live in the Chicago-Naperville-Elgin, IL-IN-WI area.
- Top AAPI Subgroups include:
- Asian Indian
BARRIERS TO AAPI HOMEOWNERSHIP
AAPI families prefer to make their purchases in cash at the time of purchase and avoid debt, resulting in limited credit history.
While about 70% of AAPI’s are Limited English Proficient (LEP), translation of forms and contracts remains a barrier to clients.
Heighted discrimination from Covid-19 still remains an issue for AAPI’s seeking to be approved for housing.
Majority of AAPI’s live in high cost areas, resulting in needing more time to save.
There are over 3,795 incidents of racism and discrimination targeted towards Asian Americans reported between March 19, 2020 and February 28, 2021.
“Civil rights violations, such as workplace discrimination, refusal of service and being barred from transportation, as well as online and verbal harassment, physical violence all account for many of total incidents. On May 20, 2021, President Biden signed the COVID-19 Hate Crimes Act, which will make the reporting of hate crimes more accessible at the local and state levels and also require the Department of Justice to expedite a review of hate crimes related to Covid-19.” Quote: 2021 State of Asia America Housing Report
At CAR, we boldly stand against Asian Hate! Revisit our statement, with additional resources to continue to be an active ally of the AAPI community!
How can you be a better ally? Ensure you’re upholding fair housing practices, to start. Access CAR’s Fair Housing resources, featuring training, classes and videos to ensure your knowledge and compliance with the Fair Housing Act.
AREAA is dedicated to promoting sustainable homeownership opportunities in Asian American communities by creating a powerful national voice for housing and real estate professionals that serve this dynamic market. The Chicago chapter is one of our Industry Partners! Visit their webpage to find out how to get involved.