Ponce Bank 2023 Impact Report

Impact: Affordable Homeownership

Housing is often one’s greatest expense, and in the NYC metropolitan area, tens of thousands of households are burdened by housing costs that are more than 30% of their income. We work with our community partners and customers to create more affordable housing in our communities, create access to capital for underserved areas and low-income areas, and provide affordable and flexible finance options which allow families to purchase homes where they can build wealth in home equity and, as owners, directly control their housing costs. We continue to find innovative ways to support affordable homeownership including connecting first-time homeowners to $9,500 in down-payment and closing cost grants through a new program* launched in 2023.

Originations

Total Loan $ in Millions

$252.5

$122.8

$106.2

104

83

25

106 Loans

$53.8MM In Lending

Loans in Underserved Communities

Loans Creating Affordable Housing

Loans in Urban Low-Income Communities

First-Time Homebuyers

Impact: Mainstreaming Financial Mastery In U.S. schools few students learn how to create a budget or pay their taxes. Ponce Bank offers Financial Mastery education to all ages, from children to seniors. We are working every day to ensure that everyone has access to this knowledge, so making informed choices and mastering finances is ordinary and mainstream. To reach that goal we grow our Financial Mastery Program based on the requests of the community and we make this information widely available free of cost. www.poncebank.com

“Home ownership is the primary wealth builder!”

-Carlos Naudon, Ponce Bank President & CEO

Series Created at Community Request:

$mall Business Bootcamp; Series I, II & III

Financial Mastery

2023

Non-Profit Grassroots Program

167 Sessions

2,662 Attendees

Programa Acelerado Para Empresarios

Protecting Your Legacy

*Grant funds provided through Federal Home Loan Bank of New York Homebuyer Dream Program.

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