In July 2015, Henry Street Settlement and NYLAG launched an exciting new partnership, funded by the Citi Foundation, to integrate financial education into Henry Street’s portfolio of workforce development programs.
Henry Street is a multi-service nonprofit based on Manhattan’s Lower East Side, and manages a portfolio of employment programs that reach hundreds 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.
Through this new initiative, two NYLAG Financial Counselors will be stationed at Henry Street’s workforce development headquarters four days per week to provide a range of financial empowerment services, including: educational workshops, individual financial counseling, and assistance with opening bank accounts, building and improving credit, and dealing with debt. NYLAG and Henry Street will collaborate to tailor all services to the unique needs of low-income jobseekers.
In 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. This critical new project will greatly enhance Henry Street’s capacity to help low-income jobseekers achieve true economic independence and stability.