|Hispanic heritage holds an indelible place in the heart and soul of our Nation, and National Hispanic Heritage Month reminds us that the American identity is a fabric of diverse traditions and stories woven together. Since the beginning, our country has drawn strength and insights from Hispanic writers, scientists, soldiers, doctors, entrepreneurs, academics, and leaders in labor and government. Our culture has been enriched by the rhythms, art, literature, and creativity of Hispanic peoples. And our deepest values have been informed by the love of family and faith that is at the core of so many Hispanic communities. All of these contributions help us realize the promise of America for all Americans.
During National Hispanic Heritage Month, we reaffirm that diversity is one of our country’s greatest strengths. We also acknowledge the Hispanic leaders who have stayed in the struggle for equal justice to ensure that everyone in this Nation can contribute their talents and have the opportunity to thrive.
My Administration is committed to the success of Hispanic communities. Since coming to office, we have provided billions of dollars in loans, including to Hispanic-owned small businesses, and are working to increase the share of Government contracts going to underserved businesses by 50 percent. We have helped students, including Hispanic students, earn postsecondary degrees by providing over $10 billion to community colleges and approximately $11 billion to Hispanic-Serving Institutions.
My Administration has sent billions of dollars in emergency financial aid grants directly to students and has increased the maximum Pell Grant by the largest amount in over a decade. Additionally, my Administration is providing up to $20,000 in debt relief as part of a comprehensive effort to address the burden of growing college costs. This action will have a significant impact on Hispanic borrowers, given that among Hispanic undergraduate borrowers, 65 percent receive Pell Grants. We have also strengthened rental assistance for families facing eviction and bolstered community health centers that predominately serve Hispanic patients and other patients of color.
Our American Rescue Plan expanded the Child Tax Credit for 2021, providing critical relief to millions of working families and helping drive a historic reduction in Hispanic child poverty.
Please find the full Proclamation here