Latest Releases
The Affordable Housing and Homeownership Protection Act Would Tackle Housing Crisis by Creating Millions More Homes and Helping Main Street Compete with Wall Street
WASHINGTON, DC – As the nation’s housing shortage pushes home prices and rents to historic levels, a new Senate bill would provide tens of billions of dollars to help create millions of new homes for low-income Americans. U.S. Senators Tina Smith (D-MN), Jack Reed (D-RI)and Tammy Baldwin (D-WI) are teaming up with several colleagues to introduce the Affordable Housing and Homeownership Protection Act (S. 3673). This bill would generate up to $50 billion over ten years to help build and preserve approximately 3 million affordable housing units nationwide. The bill would be fully paid for through a transfer tax on large investors who profit by purchasing sixteen single-family homes or more. Driven by a shortage of as many as 6.8 million homes nationwide, homes prices have surged 39% and rents 31% over the last four years, according to the National Association of Realtors and Zillow. Higher rents and fewer opportunities for homeownership are devastating for millions of families. As housing costs skyrocket, more households are priced out of homeownership, while renters have less to spend on food, clothing, and other everyday necessities. Low-income Americans are particularly strained – the National Low Income Housing Coalition estimates 73% of extremely low-income households spend more than half their income on housing. Unsurprisingly, homelessness has risen in line with housing prices and is up 15% since 2019. Unfortunately, federal investments in low-income housing are insufficient to solve this affordability crisis. Indeed, researchers at Harvard University found that the three largest federal housing programs serve nearly
Klobuchar, Smith Announce Significant Federal Infrastructure Grant to Improve Highway 169
WASHINGTON – U.S. Senators Amy Klobuchar (D-MN) and Tina Smith (D-MN) announced a $24.7 million federal grant for the US 169 Rural Safety and Mobility Interchange Project in Sherburne County, which will eliminate the signal-controlled intersection at County Road 4 and replace it with a grade-separated, hybrid diamond interchange. The current intersection has crash rates at nearly five times the state average and has been ranked the second most dangerous intersection in central Minnesota. This project will also reduce traffic congestion and accommodate anticipated growth on this important regional highway. In addition, the new interchange will have a multi-use trail for pedestrian and bike access. Funding for this project comes from the U.S. Department of Transportation’s INFRA (Nationally Significant Multimodal Freight & Highway Projects) grant program. “Highway 169’s signal-controlled intersection has been ranked as one of the most dangerous intersections in central Minnesota. Drivers who use this intersection every day deserve a safer alternative,” said Klobuchar. “This federal grant will make much-needed improvements to make the interchange secure for drivers and pedestrians.” “Revitalizing our infrastructure is about more than just fixing roadways and bridges; it’s about improving people’s lives, which is precisely what this project will do,” said Smith. “This intersection on Highway 169 is dangerous in its current form. Now, Minnesota has the federal investment to make this vital corridor safer for everyone.” INFRA grants can be used by communities across the country for multimodal freight and highway projects of national or regional significance to improve the safety, efficiency, and reliability of freight
Klobuchar, Smith Call For Permanent Expansion of Telehealth Provisions
WASHINGTON – U.S. Senators Amy Klobuchar (D-MN) and Tina Smith (D-MN) joined U.S. Senators Brian Schatz (D-HI) and Roger Wicker (R-MS) in a bipartisan group of 30 colleagues calling for the expansion of access to telehealth services for Medicare beneficiaries made during the coronavirus (COVID-19) pandemic to be permanent. New data shows that the number of Medicare beneficiaries using telehealth services increased by 11,718 percent in just a month and a half during the pandemic. “Americans have benefited significantly from this expansion of telehealth and have come to rely on its availability,” the senators wrote. “Congress should expand access to telehealth services on a
In Senate Banking Committee Hearing, Federal Reserve Chairman Jerome Powell Agrees with U.S. Senator Tina Smith that Racial Inequities May Worsen If Congress Doesn’t Act
WASHINGTON, D.C. [06/16/20]—Today, U.S. Senator Tina Smith (D-Minn.) pressed Federal Reserve Chairman Jerome Powell on the long-lasting inequities that the coronavirus (COVID-19) pandemic has highlighted and exacerbated. She also emphasized the importance of long-term rental assistance as a way to prevent a full-blown housing and eviction crisis in Minnesota and across the country. Sen. Smith—who has held affordable housing listening sessions across Minnesota—told Powell that COVID-19 is not the great equalizer. She said that this crisis has hit working families the hardest, most of whom were already struggling to pay rent and maintain stable housing before the pandemic. Sen. Smith especially highlighted the disparate impact of COVID-19 on
Klobuchar, Smith Announce $15 Million for Housing in Minnesota in Response to Coronavirus
WASHINGTON — Today, U.S. Senator Amy Klobuchar (D-MN) and Tina Smith (D-MN) announced that the Department of Housing and Urban Development (HUD) has awarded Minnesota $15,253,281 in Emergency Solutions Grants (ESG) to meet the housing needs of Minnesotans impacted by the coronavirus pandemic. These funds, which Congress made available through the CARES Act, will help low-income families and Minnesota’s most vulnerable citizens, including those experiencing homelessness. The relief funds can be used to operate emergency shelters, provide hotel and motel vouchers and make more emergency shelters available, provide essential services including childcare, education services, employment assistance, outpatient health services, legal services,
U.S. Senator Tina Smith in Senate Floor Speech: “Find Purpose in Making Sure This Moment Leads to Real Progress Towards Justice an
WASHINGTON, D.C. [06/11/20]—Today, U.S. Senator Tina Smith (D-Minn.) delivered a speech from the Senate floor to honor George Floyd, and to stand up for Minnesotans and the millions of Americans calling for transformative changes to policing and systems that perpetuate injustice. You can access video of Sen. Smith’s remarks—the first in a series of speeches she will give in the coming weeks—here. “We need a new and sustained push for racial justice, not just in law enforcement but in health care, in education, in housing, and in our environmental policy. The people I spoke to when I was home last
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