Latest Releases
U.S. Senator Tina Smith Presses Multi-Billion Dollar Corporation on Predatory Practices That Are Pricing Out Lake Elmo, Minnesota Residents
MINNEAPOLIS, MN – Today, U.S. Senator Tina Smith (D-MN), Chair of the Senate Housing Subcommittee, sent a letter to the Chief Executive Officer of Equity LifeStyle Properties (ELP), an Illinois-based corporation, expressing deep concern over the company’s mistreatment of residents in Lake Elmo, Minnesota. Her letter comes following extensive reporting that residents of Cimarron Park, which is owned by ELP, are being priced out by egregious rent increases, dealing with hostile management and suffering under unfair rules that make selling or moving into a new home more difficult. “This corporation’s well-documented practices of hiking rents and making it more difficult to find other housing options only serves to boost shareholder profits while hanging Minnesotans out to dry,” said Senator Smith. “Residents have been pleading for help for nearly four years, and Equity LifeStyle Properties has failed to show they are even listening to concerns. I want them to meaningfully engage with residents instead of putting their shareholders ahead of hardworking Minnesotans.” Cimarron Park is home to roughly 500 Minnesota families. Their conflict with ELP was first reported by WCCO News in December 2020, when residents decried a rent increase at the beginning of the COVID-19 pandemic. Since that initial report, residents said the situation had only worsened, with the Minnesota Star Tribune reporting declining services and poor management earlier this year. Most recently, residents reported unfair rules that make selling or moving into a new home unnecessarily expensive, trapping households into a cycle of ever-increasing rent, now totaling a 30% increase over the last five years. Equity LifeStyle Properties owns roughly 72,0000 homes and operates
U.S. Senator Tina Smith Presses Multi-Billion Dollar Corporation on Predatory Practices That Are Pricing Out Lake Elmo, Minnesota Residents
MINNEAPOLIS, MN – Today, U.S. Senator Tina Smith (D-MN), Chair of the Senate Housing Subcommittee, sent a letter to the Chief Executive Officer of Equity LifeStyle Properties (ELP), an Illinois-based corporation, expressing deep concern over the company’s mistreatment of residents in Lake Elmo, Minnesota. Her letter comes following extensive reporting that residents of Cimarron Park, which is owned by ELP, are being priced out by egregious rent increases, dealing with hostile management and suffering under unfair rules that make selling or moving into a new home more difficult. “This corporation’s well-documented practices of hiking rents and making it more difficult to find other housing options only serves to boost shareholder profits while hanging Minnesotans out to dry,” said Senator Smith. “Residents have been pleading for help for nearly four years, and Equity LifeStyle Properties has failed to show they are even listening to concerns. I want them to meaningfully engage with residents instead of putting their shareholders ahead of hardworking Minnesotans.” Cimarron Park is home to roughly 500 Minnesota families. Their conflict with ELP was first reported by WCCO News in December 2020, when residents decried a rent increase at the beginning of the COVID-19 pandemic. Since that initial report, residents said the situation had only worsened, with the Minnesota Star Tribune reporting declining services and poor management earlier this year. Most recently, residents reported unfair rules that make selling or moving into a new home unnecessarily expensive, trapping households into a cycle of ever-increasing rent, now totaling a 30% increase over the last five years. Equity LifeStyle Properties owns roughly 72,0000 homes and operates
U.S. Senator Tina Smith, Colleagues Call for Review of Realty Company’s Deceptive Listing Agreements
WASHINGTON, D.C. — U.S. Senator Sen. Tina Smith (D-MN), Chair of the Senate Subcommittee on Housing, Transportation, and Urban Development, along with Sen. Sherrod Brown (D-OH), and Sen. Ron Wyden (D-OR), sent a letter to the Federal Trade Commission (FTC) and the Consumer Financial Protection Bureau (CFPB) requesting a review of real estate brokerage firms’ use of exclusive listing agreements. The letter follows several reports of companies like MV Realty misleading families into entering 40-year exclusive listing agreements, which can make it difficult for homeowners to refinance and often result in them losing out on up to three percent of their home’s value when
U.S. Senator Tina Smith’s Bipartisan Bill to Improve Rural Health Care Passes Senate
WASHINGTON [12/21/22] – U.S. Senator Tina Smith (D-Minn.) and John Barrasso (R-Wyo.), Co-Chairs of the Senate Rural Health Causes, announced that their bipartisan bill to improve rural health care passed the Senate by unanimous consent. The State Offices of Rural Health (SORH) Reauthorization Act of 2022 will reauthorize a key program that supports health facilities in rural areas across the country. The legislation now goes to the U.S. House of Representatives for consideration. “When I meet with families, farmers, businesses and community leaders in greater Minnesota, one of the first issues that comes up is health care,” said Smith. “This
U.S. Senator Tina Smith Reintroduces Bill to Forgive Student Loan Debt for Beginning Farmers
WASHINGTON [12/20/22] – U.S. Senator Tina Smith (D-Minn.), a member of the U.S. Senate Health, Education, Labor, and Pensions Committee, helped reintroduce legislation she co-sponsors to create a loan forgiveness program for beginning farmers and ranchers, as well as women, veteran, and minority farmers. The Student Loan Forgiveness for Farmers and Ranchers Act, which is led by U.S. Senators Chris Murphy (D-Conn.) and also cosponsored by Tammy Baldwin (D-Wis.), would serve as an incentive for farmers to enter – and stay – in the agricultural industry and boost opportunities to grow successful businesses. “Agriculture is the backbone of Minnesota’s diverse
Klobuchar, Smith Secure Significant Federal Funding to Construct Moorhead Downtown Underpass
WASHINGTON – U.S. Senators Amy Klobuchar (D-MN) and Tina Smith announced that they have secured more than $26.3 million in federal funding to help construct two railway underpasses along 11th Street in downtown Moorhead. The resources, provided through the U.S. Department of Transportation’s (USDOT) Rural Surface Transportation Grant Program, will address a key infrastructure priority for Moorhead by improving safety and mobility, and removing blockages caused by heavy rail traffic. “For years I have been working with the City of Moorhead to obtain this funding. We have tried nine times so this is certainly a lesson in perseverance!” said Klobuchar.
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