Asian Americans for Equality
Asian Americans for Equality is a 501(c)(3) nonprofit founded in 1974 that provides affordable housing, small business loans, immigration services, and community programs to immigrant and low-income residents across New York City.
- Company typePrivate
- Founded1974
- HeadquartersNew York, United States
- Headcount101–250
- GTM typeB2C
- OfferingServices
Asian Americans for Equality firmographics
Firmographics- Name
- Asian Americans for Equality
- Legal name
- Asian Americans for Equality, Inc.
- Website
- https://aafe.org
- Company type
- Private
- Founded year
- 1974
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Asian Americans for Equality is a 501(c)(3) nonprofit founded in 1974 that provides affordable housing, small business loans, immigration services, and community programs to immigrant and low-income residents across New York City.
- Ownership category
- akta.pro rank
Asian Americans for Equality industry classification
Industry- Product category
- Community Development & Affordable Housing Services
- NAICS
- Community Housing Services (62422), Community Food Services (624210), Services for the Elderly and Persons with Disabilities (624120)
- SIC
- Services-Social Services (8300), Services-To Dwellings & Other Buildings (7340)
- akta.pro primary industry
- Affordable Rental & Multifamily Housing Finance Programs (LIHTC/Tax Credits/Subsidized Loans) (FSALAKAF)
Keywords
Where Asian Americans for Equality is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices6 records
Markets served
Asian Americans for Equality business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Marketing or Sales, Others
Revenue model
- Donations and Contributions: Charitable donations from individuals, foundations, and corporations to support AAFE's community development programs, affordable housing initiatives, and advocacy work.
- Government Grants and Contracts: Funding from federal, state, and city government agencies including NYC HPD for affordable housing development, housing counseling programs, and community services.
- Rental Income from Affordable Housing: Rental income from 1,400+ affordable housing units managed across NYC, including Magnolia Gardens (90 units) and Chelsea co-op properties.
- Program Service Fees: Modest fees for certain services including homeownership counseling and small business training programs.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels6 records
Asian Americans for Equality product offering
Product offeringCore offering
AAFE is a community development nonprofit that develops, owns, and manages affordable housing, and delivers multilingual social, housing counseling, immigration, homeownership financing, and small business lending services to immigrant and low-income New Yorkers. Its core work spans affordable housing development, property management, CDFI-certified homeownership lending and counseling, small business loans through Renaissance EDC, and a broad set of community support services including immigration assistance, benefits enrollment, food pantries, and youth programs.
Product overview
Asian Americans for Equality (AAFE) is a comprehensive community development organization offering a portfolio of interconnected services rather than a single software product. The organization operates six core service lines: Community Services (housing counseling, immigration assistance, health access), Small Business Programs via Renaissance EDC, Homeowner Counseling & Financing through AAFE CDF, Affordable Housing Development, Property Management, and Community Care & Engagement. Additional programs include AAFE Youth Programs, Magnolia Gardens transitional housing, and AAFE Resident Services. These services are delivered through multilingual staff across Manhattan and Queens offices, with programs designed to work together to support immigrant communities from housing stability through homeownership and economic empowerment.
Differentiator
Problem solved
Functional benefit
Products and services
- Community Services Multilingual community services including housing counseling, eviction prevention, immigration assistance, health access, food pantries, and youth programs for immigrant and low-income New Yorkers across Manhattan and Queens.
- Small Business Programs (Renaissance EDC) Low-interest loans, technical assistance and small business counseling delivered to immigrant entrepreneurs and small business owners in Metro New York through AAFE's subsidiary Renaissance Economic Development Corp.
- Homeowner Counseling & Financing (AAFE Community Development Fund) U.S. Treasury-certified Community Development Financial Institution offering homeownership education, counseling, and low-interest home improvement and down payment loans to first-time and minority, immigrant, and low-income homebuyers in NYC.
- Affordable Housing Development Development and preservation of affordable housing across Manhattan and Queens, including co-op apartments under NYC HPD's Affordable Neighborhood Cooperative Program (ANCP), transitional housing at Magnolia Gardens, and rental properties.
- Property Management (Stanton Norfolk Inc.) Operating and managing affordable housing properties citywide through Stanton Norfolk Inc., providing tenant services and building maintenance for 1,400+ occupied units.
- Community Care & Engagement Food pantries, civic participation programs, voter registration, policy advocacy, and community events such as the Chinatown Night Market that engage community members across NYC.
- AAFE Youth Programs College access and youth leadership programming for high school students in Queens, including COMPASS High, CASTLE Leadership Program, college counseling, and career development.
- Magnolia Gardens Transitional Housing Transitional housing facility in Flushing, Queens with 90 apartments providing case management, housing navigation, job readiness training, and therapeutic care to families with children experiencing housing instability.
- AAFE Resident Services Comprehensive support services for residents of AAFE's affordable housing units including rental assistance, financial education, workforce training, healthcare access, and SNAP enrollment.
- Housing Counseling & Organizing Tenant rights counseling, eviction prevention, rental assistance applications such as CityFHEPS and SCRIE/DRIE, affordable housing lottery assistance, and tenant association organizing for NYC tenants.
- Immigration Services Naturalization application assistance, English language and civics classes, mock interviews for naturalization tests, legal referrals, and fee waiver applications for NYC immigrants.
- Health Access & Social Services Enrollment assistance for Medicaid, Medicare, SNAP, SSI, HEAP, reduced fare MetroCard, and affordable health insurance through the NY State of Health Marketplace for NYC residents.
Quantifiable outcome
- 1,400+ households provided affordable housing
- +4 more outcomes
Companies that use Asian Americans for Equality
Customer profileNamed customers6 records
Segments6 records
Ideal customer profiles5 records
Asian Americans for Equality technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Asian Americans for Equality partnerships and signals
Strategic signalPartnerships
17 partnerships are on record, tiered core and supporting.
- NYC Department of Housing Preservation and Development (HPD)coreHPD partners with AAFE through the Affordable Neighborhood Cooperative Program (ANCP) to develop affordable co-op housing for low and moderate-income households. HPD provides subsidies and financing for AAFE's housing development projects including the Chelsea co-op at 170 West 22nd Street.
- Urban Resource Institute (URI)coreURI co-developed Magnolia Gardens transitional housing facility in Flushing, Queens with AAFE. URI serves as the service provider for the 90-unit facility, providing case management and social services to families.
- Chinese-American Planning CouncilsupportingMember of AAFE's Housing Services Collaborative that ensures families in Flushing have equitable access to Magnolia Gardens transitional housing.
- Korean American Family Service CentersupportingMember of AAFE's Housing Services Collaborative for Magnolia Gardens, referring families to AAFE for navigation assistance.
- Charles B. Wang Community Health CentersupportingMember of AAFE's Housing Services Collaborative for Magnolia Gardens.
- YMCA-FlushingsupportingMember of AAFE's Housing Services Collaborative for Magnolia Gardens.
- Garden of HopesupportingMember of AAFE's Housing Services Collaborative for Magnolia Gardens.
- WomankindsupportingMember of AAFE's Housing Services Collaborative for Magnolia Gardens.
- Korean Community ServicessupportingMember of AAFE's Housing Services Collaborative for Magnolia Gardens.
- Child Center of NYsupportingMember of AAFE's Housing Services Collaborative for Magnolia Gardens.
- South Asian Council for Social ServicessupportingMember of AAFE's Housing Services Collaborative for Magnolia Gardens.
- YWCA-FlushingsupportingMember of AAFE's Housing Services Collaborative for Magnolia Gardens.
- Restoring Communities Housing Development Fund CorporationcoreHDFC that received property transfer from the City when construction began at 170 West 22nd Street Chelsea. The property will be conveyed to a newly formed HDFC owned and managed by the residents.
- Legal Services NYCcoreProvides legal support for tenants at 41-25 Case Street in their lawsuit against negligent landlord. AAFE and Legal Services NYC are working together to stabilize the building and protect affordable housing.
- Asian American Bar Association of New York (AABANY)supportingPartners with AAFE for monthly pro-bono legal clinics at the Lower East Side community center, offering free 30-minute consultations with volunteer attorneys.
- Urban Architectural Initiatives (UAI)supportingArchitectural firm that designed Magnolia Gardens, guided by Bright Power consultants to meet Passive House design standards.
- Bright PowersupportingEnergy consulting firm that guided Magnolia Gardens design to meet Passive House design standards, the world's leading standard in energy efficient construction.
Scale indicators14 records
Recent moves6 records
Expansion highlights5 records
Asian Americans for Equality competitors and assessment
Company assessmentDirect peers
- Chinese-American Planning Council: Largest AAPI social services organization in NYC, providing housing, immigration, education, and senior services. A direct peer to AAFE in target community (NYC AAPI residents) and integrated service model, including participation in AAFE's Magnolia Gardens collaborative.
- Chhaya Community Development Corporation: NYC-based AAPI-focused CDC providing housing counseling, foreclosure prevention, and small business support to South Asian and other immigrant communities. Closely comparable to AAFE in mission, customer base, and NYC footprint.
- Habitat for Humanity New York City: NYC affiliate of a major affordable housing developer, providing homeownership counseling and developing affordable housing across the five boroughs. Comparable to AAFE on affordable housing development and homebuyer education services.
- Make the Road New York: NYC-based immigrant-led community organization providing housing legal services, immigration, education, and workforce programs. Direct peer to AAFE in immigrant services, housing rights, and grassroots organizing in NYC.
- New York City Housing Partnership: Long-standing NYC nonprofit that develops and preserves affordable housing in partnership with HPD and other agencies. Comparable to AAFE in affordable housing development pipeline and HPD partnership model.
Broad incumbents
- Enterprise Community Partners: National CDFI and affordable housing intermediary providing capital and technical assistance to CDCs including AAFE. A financial and capacity-building partner of AAFE that also operates adjacent programs at much larger scale.
- Local Initiatives Support Corporation (LISC): National CDFI and community development intermediary providing loans, grants, and capacity building to local CDCs nationwide. Comparable in mission to AAFE's community development work, but at much larger scale and across many geographies.
- Low Income Investment Fund (LIIF): National CDFI providing financing for affordable housing, child care, and community facilities. Direct AAFE co-lender on the Chelsea ANCP project and a peer in mission of financing affordable housing for low-income communities.
Emerging players
- Asian American Federation: NYC-based AAPI policy and research umbrella organization that AAFE's new Deputy ED previously led. Compares as a peer in AAPI advocacy, research, and capacity-building, with limited direct service delivery overlap.
- Asian Americans for Community Involvement (AACI): San Jose-based AAPI-focused nonprofit providing health, social, and youth services. Comparable to AAFE in mission and integrated AAPI service model, but serves a different geography (Northern California).
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Asian Americans for Equality social profiles
Digital presenceAsian Americans for Equality compliance and trust
Trust signalCompliance1 record
Asian Americans for Equality financial estimates
Financial estimateRevenue estimate
Valuation estimate
Asian Americans for Equality leadership team
Management profileNumber of profiles
Profiles2 records
Asian Americans for Equality subsidiaries and ownership
Company hierarchySubsidiaries4 records
Asian Americans for Equality funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Asian Americans for Equality M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Asian Americans for Equality
What does Asian Americans for Equality do?
AAFE is a community development nonprofit that develops, owns, and manages affordable housing, and delivers multilingual social, housing counseling, immigration, homeownership financing, and small business lending services to immigrant and low-income New Yorkers. Its core work spans affordable housing development, property management, CDFI-certified homeownership lending and counseling, small business loans through Renaissance EDC, and a broad set of community support services including immigration assistance, benefits enrollment, food pantries, and youth programs.
Is Asian Americans for Equality a public or private company?
Asian Americans for Equality is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Asian Americans for Equality founded?
Asian Americans for Equality was founded in 1974. It employs 101 to 250 people.
Where is Asian Americans for Equality based?
Asian Americans for Equality is headquartered in New York, United States, in the North America region.
How does Asian Americans for Equality make money?
Four revenue lines are on record. Donations and Contributions are the primary driver. The others are government Grants and Contracts, rental Income from Affordable Housing and program Service Fees.
Who are Asian Americans for Equality's main competitors?
Direct peers on record are Chinese-American Planning Council, Chhaya Community Development Corporation, Habitat for Humanity New York City, Make the Road New York and New York City Housing Partnership. Broad incumbents are Enterprise Community Partners, Local Initiatives Support Corporation (LISC) and Low Income Investment Fund (LIIF). Emerging players are Asian American Federation and Asian Americans for Community Involvement (AACI).
Does Asian Americans for Equality have an API?
No public API is recorded for Asian Americans for Equality.
What industry is Asian Americans for Equality in?
Asian Americans for Equality's product category is Community Development & Affordable Housing Services. Its primary akta.pro industry code is FSALAKAF, Affordable Rental & Multifamily Housing Finance Programs (LIHTC/Tax Credits/Subsidized Loans). Its NAICS code is 62422 and its SIC code is 8300.