Henry Street Settlement and NYLAG Join Forces
In July, Henry Street Settlement and NYLAG launched a new partnership, funded by the Citi Foundation, to integrate financial counseling and education into Henry Street’s portfolio of workforce development programs. Over the coming year, NYLAG will facilitate financial education workshops for low-income participants of Henry Street’s workforce development programs and provide one-on-one financial counseling to individuals.
Henry Street, a multi-service nonprofit based on Manhattan’s Lower East Side, manages a portfolio of employment programs that reach thousands of low-income jobseekers each year through services tailored to the needs of public housing residents, English Language Learners, homeless shelter residents, and disconnected youth.
“We are proud to collaborate with Henry Street in expanding their financial counseling capabilities and look forward to enhancing their highly successful network of workforce development programs. By enhancing their financial skills and knowledge, we will be able to put hundreds of additional Henry Street clients on a path to meaningful employment and more stable lives for themselves and their families,” said Doug Ostrov, Director of NYLAG’s Financial Counseling division.
According to David Garza, Executive Director at Henry Street, “Our collaboration with NYLAG is a testament to the commitment and vision of the Citi Foundation and it’s alignment to our mission, which recognizes the importance of integrating financial education and counseling services into employment programs. We have seen a growing demand for these crucial services among our clients and are very pleased to be partnering with an organization of NYLAG’s caliber. This critical new project will greatly enhance Henry Street’s capacity to help low-income jobseekers achieve true economic independence.”
Two NYLAG Financial Counselors, Ervis Burda and Mark Alpert, are stationed at Henry Street’s workforce development headquarters four days a week to provide a range of financial empowerment services, including: educational workshops, individual financial counseling, assistance with opening bank accounts, building and improving credit, and dealing with debt. NYLAG and Henry Street staff collaborate to tailor all services to the unique needs of low-income job seekers.
The Citi Foundation works to promote economic progress and improve the lives of people in low-income communities around the world. The foundation invests in efforts that increase financial inclusion, catalyze job opportunities for youth, and reimagine approaches to building economically vibrant cities. The Citi Foundation’s “More than Philanthropy” approach leverages the enormous expertise of Citi and its people to fulfill its mission and drive thought leadership and innovation.