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
U.S. Senators Tina Smith & Lisa Murkowski Introduce Bipartisan Tribal Energy Legislation
WASHINGTON, D.C. [10/16/2019]—Today, U.S. Senators Tina Smith (D-Minn.) and Lisa Murkowski (R-Alaska) introduced the bipartisan Tribal Energy Reauthorization Act (TERA), which would update eligibility requirements for energy project grants and encourage more locally and regionally based partnerships when providing technical assistance to tribes. Sens. Smith and Murkowski—both members of the Senate Indian Affairs Committee—said the legislation would reauthorize and improve the Department of Energy’s Office of Indian Energy Policy and Programs (OIE). The bill reauthorizes OIE and the Tribal Energy Loan Guarantee Program (TELGP) through 2030. “We need to work with people in local communities—those who are closest to the work—in order to
Klobuchar, Smith Announce $22 Million Loan for Electric Infrastructure Improvements Across Rural Minnesota
WASHINGTON– U.S. Senators Amy Klobuchar (D-MN) and Tina Smith (D-MN) announced that the U.S. Department of Agriculture (USDA) has awarded Meeker Cooperative Light & Power a $22,000,000 rural electric infrastructure loan. “This rural electric investment will connect and energize miles of infrastructure in Meeker, Wright, Stearns, McLeod, Kandiyohi, and Renville counties to help our entire state’s economy thrive for many years to come,” Klobuchar said. “Projects like this not only boost the economy, but also support good-paying jobs and maintain the services Minnesotans rely on.” “Rural homes, businesses, schools, airports and hospitals all need reliable electricity, and improving our electric grid is
U.S. Senators Klobuchar and Smith: Over $1 Million Awarded to Organizations that Help People from Diverse Backgrounds in Minnesota Participate in Agriculture
WASHINGTON, D.C. [10/9/2019]— U.S. Senators Amy Klobuchar and Tina Smith (D-Minn.) announced that more than $1 million in U.S. Department of Agriculture (USDA) funding has been awarded to organizations that help people from diverse backgrounds in Minnesota participate in agriculture. This funding will support the Latino Economic Development Center (LEDC), which helps immigrant and Latino farmers in Minnesota overcome barriers to growth. It will also support the American Indian Higher Ed Consortium (AIHEC) to engage students in agriculture at tribal colleges and universities—including the four in Minnesota—and improve Native American farmers and ranchers’ agricultural practices. The senators said that this funding is available to qualifying organizations through the USDA’s Outreach and Assistance for Socially Disadvantaged Farmers and Ranchers and Veteran Farmers and
U.S. Senator Tina Smith: “Protecting Renewable Fuel Standard Signals Trump Administration Heard Concerns From American Farmers Loud and Clear”
WASHINGTON, D.C. [10/04/19]—Today, U.S. Senator Tina Smith (D-Minn.)—a member of the Senate Agriculture Committee—released the following statement after the Trump Administration announced it would account for the harmful abuse of small refinery hardship waivers granted by the Environmental Protection Agency (EPA) in the Renewable Fuel Standard (RFS) blending targets. “Rural communities, farmers, clean energy producers and agribusinesses need a strong Renewable Fuel Standard to thrive. The RFS supports thousands of local jobs and helps lead to billions of dollars in economic activity, it cuts our dependence on foreign oil, and it helps fight global warming,” said Sen. Smith. “While I wish it had taken less
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