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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