Impact: Affordable Homeownership
“Home ownership is the primary wealth builder. It’s the Legacy We Create!” -Carlos P. Naudon, Ponce Bank President & CEO 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. $220.2
Originations
Total Loan $ in Millions
$220.2
$39.1
$220.2
74
55
19
Loans in Urban Low-Income Communities
Loans in Underserved Communities
Loans Creating Affordable Housing
Impact: Mainstreaming Financial Mastery It is all about taking control of your finances, making smart choices, and paving the way for a secure and prosperous future. It is not just about managing your money; it is about unlocking your full potential and achieving your dreams. To reach that goal our Financial Mastery Program has evolved based on the requests of the community and we make this information widely available free of cost. www.poncebank.com
Series Created at Community Request:
• $mall Business Bootcamp; Series I, II & III • Non-Profit Grassroots Program • First Time Homebuyers Program • Protecting Your Legacy
Financial Mastery
2024
65 Loans $38,163,265 In Lending
2,794 Attendees
162 Sessions
First-Time Homebuyers
*Grant funds provided through Federal Home Loan Bank of New York Homebuyer Dream Program.
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