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. Sens. Klobuchar, Smith, & Rep. Peterson Announce $350,000 for Infrastructure Improvements in De Graff
WASHINGTON, D.C. [09/10/19]—U.S. Senators Amy Klobuchar and Tina Smith (D-Minn.), along with Representative Collin Peterson (D-MN 7) lauded the U.S. Department of Agriculture (USDA) $350,000 rural development grant to help the city of De Graff finish building its first sewer system, originally funded in 2017. Prior to the start of this project, De Graff did not have a sewer system and there were concerns that untreated sewage from septic systems was entering bodies of water throughout the city. “Investing in our water and waste infrastructure is a down payment on the long-term well-being of our communities,” said Sen. Klobuchar. “This investment will benefit the people and
In Senate Hearing, U.S. Sen. Tina Smith Presses Treasury Secretary on Economic Impact of Trade War on Minnesota Ag
WASHINGTON, DC [09/10/19]— Today, U.S. Senator Tina Smith (D-Minn.) pressed U.S. Secretary of the Treasury Steven Mnuchin on the Trump Administration’s trade war that is causing real, long-term economic damage to Minnesota farmers and rural communities. Sen. Smith’s questioning came in response to an interview Mnuchin gave earlier this week. When talking about the Chinese tariff war during a Fox Business interview, he said “it is fair to say it has impacted the Chinese economy. We have not yet seen any impact on the U.S. economy.” “Minnesota farmers and soybean farmers in northwestern Minnesota have seen their sales drop by 75%,” said Sen. Smith in the Senate Banking Committee. “They don’t
U.S. Sens. Klobuchar, Smith Encourage Minnesota Businesses, Nonprofits and Residents with Damage from Flooding to Apply for Disaster Assistance
WASHINGTON, D.C. [09/6/19]–U.S. Senators Amy Klobuchar and Tina Smith (D-Minn.) are urging Minnesota businesses, nonprofit organizations, homeowners and renters hit by severe weather and flooding earlier this year to apply for a U.S. Small Business Administration (SBA) disaster loan for physical damage before the September 30, 2019 deadline. Minnesotans facing damage caused by weather from June 27 through July 7, 2019 in Dodge, Goodhue, Mower, Olmstead, Rice, and Steele counties are eligible to apply. The senators said that businesses and nonprofits may be able to use the loan to repair or replace assets such as damaged real estate, equipment and
U.S. Senator Tina Smith, Democratic Senate Colleagues Call on President to Enhance and Protect Health of Americans, Urge Administration to Abandon Proposal to Weaken Protections Against Discrimination in Health Care
WASHINGTON, D.C. [08/14/19]—This week, U.S. Senator Tina Smith (D-Minn.) and 35 of her fellow Democratic Senate colleagues condemned a proposed rule that would weaken critical protections aimed to help address discrimination in health care. Sen. Smith believes the Trump Administration should instead focus on solutions like fulfilling promises to lower prescription drug prices and addressing health care costs. Sen. Smith and her Democratic Senate colleagues outlined several issues with the proposed rule, including how it could harm patients who already face barriers when seeking care by emboldening insurers and health care providers to discriminate against them, and called on the
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