Ponce Financial awarded $3.7M grant from the U.S. Treasury

Ponce Financial Group announced that the Bank has been awarded a $3.7M grant from the U.S. Treasury as part of the Community Development Financial Institutions Equitable Recovery Program which aims to help CDFI’s further their mission of helping low and low-to-moderate income communities recover from the impact of Covid-19. The U.S. Treasury indicated that the grant would be disbursed in June 2023 and its utilization would be subject to eligible activities and reporting in accordance with the ERP program.