Office of Financial Empowerment
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OFE Initiatives

OFE conducts its own research to better understand the financial needs and experiences of New Yorkers with low incomes. Through analysis of promising financial practices and strategic partnership building, OFE developed a number of programs to help New Yorkers with low incomes build their assets and grow their personal wealth.

These programs are generously supported by the *Mayor's Fund to Advance New York City, a private, not-for-profit corporation established in 1994 to develop partnerships between the City of New York and the private sector. The Mayor's Fund raises money to promote the general welfare of the City's residents and aid civic improvements. It does not fundraise on behalf of private institutions or individuals. The Fund supports the work of many City Agencies including Education, Parks, Health, and Cultural Affairs, and raises funds for many quality of life initiatives.

To contribute to one or more of the outlined OFE Initiatives through the Mayor's Fund, please click here

*The Mayor's Fund to Advance New York City is a 501(c)3 public charity; all donations are tax-deductible to the extent permitted by law.


Financial Counseling and Education
Get free one-on-one financial counseling at Financial Empowerment Centers or access free or low-cost financial education classes, workshops, hotlines, and counseling services using the Financial Education Network directory.
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Learn about DCA's "You Can..." public awareness campaign, featuring real New Yorkers who took control of their finances with help from the City’s free Financial Empowerment Centers


NYC Direct Deposit
The NYC Direct Deposit program promotes direct deposit as the faster, safer, and less expensive payment option for employers and employees. Employers can benefit from reduced operational costs while employees get a free checking account for directly depositing their pay.
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NYC SafeStart Account
The City partnered with seven banks and four credit unions to offer the NYC SafeStart Account to all New Yorkers. The NYC SafeStart Account is a safe and affordable starter account.
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SaveUSA Program
New York City’s SaveUSA program offers an incentive to save at tax time. At select Volunteer Income Tax Assistance (VITA) sites throughout the City, you may have the opportunity to open a SaveUSA account and earn a 50% “match”—up to $500—when you save part of your tax refund for a full year.
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Tax Credit Campaign
Tax credits like the Earned Income Tax Credit (EITC) and NYC Child Care Tax Credit can put extra money in your pocket.
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