Office of Financial Empowerment (OFE)
OFE is the first local government initiative in the nation with a mission to educate, empower, and protect New Yorkers with low incomes so they can build assets and make the most of their financial resources. Toward that end, OFE seeks to increase access to high-quality, low-cost financial education and counseling; improve access to income-boosting tax credits; connect households to safe and affordable banking and asset-building products and services; and enforce and improve consumer protections to enhance financial stability.
Learn more about OFE
Immigrant Financial Services Study
The Department of Consumer Affairs Office of Financial Empowerment released the Immigrant Financial Services Study. The study is one of the first field research initiatives in New York City to look specifically at the financial needs of immigrants, focuses on three distinct first-generation immigrant groups—Chinese, Ecuadorian, and Mexican—to reveal gaps in financial services and missed market opportunities to connect to the financial mainstream.
Read the Immigrant Financial Services Study
Read the Research Brief (Released March 2013)
OFE’s Tax Credit Campaign
Learn more about specific tax credits for which you may be eligible and additional information about the City’s Tax Credit Campaign.
Learn more about OFE's Tax Credit Campaign
Earned Income Tax Credit (EITC)
EITC returns federal, state, and, in New York City, local government dollars to qualifying working families and individuals through either a credit on taxes or as cash refunds. The refund amount varies depending on your income and marital and parental status.
Learn more about EITC