Ponce Bank awarded $3.7M CDFI Equitable Recovery Program grant from U.S. Treasury

Ponce Financial Group, Inc.

$3.7M grant from U.S. Treasury CDFI ERP to help low-income communities recover from COVID-19.
Grant disbursement expected in June 2023; funds subject to eligible activities and reporting.
CEO Carlos Naudon highlighted CDFIs' critical role in underserved communities.
U.S. Treasury announced $1.73B in ERP awards to 603 CDFIs, with VP Harris citing historic support.

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