Ponce Financial Group certified as CDFI by Treasury on April 28, 2023

Ponce Financial Group, Inc.

U.S. Treasury certified Ponce Financial Group (PFG) as a Community Development Financial Institution on April 28, 2023.
CDFI status grants PFG access to federal grants, programs, and funding for underserved communities, including Hispanic and African-American populations.
CEO Carlos Naudon emphasizes PFG's role as 'systemically critical' for providing financial services to historically locked-out communities.
Certification supports PFG's mission to serve low-income and minority communities in and around New York City and nationwide.
PFG expects this milestone to enhance its ability to deploy capital equitably and support post-pandemic recovery in its service areas.

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