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. Senator Tina Smith Calls for Quick and Effective Implementation of Tribal Provisions in Bipartisan Coronavirus Relief Package
WASHINGTON, D.C. [04/02/20]—U.S. Senator Tina Smith—a member of the Senate Indian Affairs Committee—(D-Minn.) urged the President on Wednesday to make sure federal agencies implement Tribal provisions of the third coronavirus relief package, known as the CARES Act, in a way that upholds the federal trust and treaty responsibilities to Tribes and includes meaningful consultation with Tribes. Sen. Smith—along with a group of 18 senators and 12 U.S. representatives led by Sen. Tom Udall (D-N.M)—sent the letter to President Trump following enactment of the CARES Act, which includes over $10 billion in resources for Native communities’ COVID-19 response. “The U.S. government has specific trust and
U.S. Senator Tina Smith to Introduce Legislative Fix that Would Make Older Children and Adult Dependents Eligible for COVID-19 Relief Payments
WASHINGTON, D.C. [04/2/20]—Today, U.S. Senator Tina Smith (D-Minn.) announced she plans to introduce a legislative fix that would make dependents 17 and older count toward what a family gets in direct payments from the bipartisan coronavirus relief package signed into law last week. Sen. Smith’s bill already has 14 original cosponsors, including Sen. Amy Klobuchar (D-Minn.). Under the CARES Act, an economic stimulus payment of $1,200 per adult and $500 per child will go to most taxpayers with incomes below $75,000 for single taxpayers and $150,000 for married taxpayers. The payment is structured as a tax refund and administered by the Internal Revenue Service (IRS). Under current law, no
U.S. Senators Klobuchar, Smith Announce $40k USDA Investment in Sacred Heart Public Safety Infrastructure Improvements
WASHINGTON, D.C. [04/2/20]—Today, U.S. Senators Amy Klobuchar and Tina Smith (D-Minn.) announced that the U.S. Department of Agriculture (USDA) has awarded a $42,000 grant to the City of Sacred Heart for public safety infrastructure improvements. The funds come from the USDA’s Community Facilities Grant Program. The Senators said that the grant will be used to replace the roof of the Sacred Heart Fire Hall, which has numerous leaks and is in need of repair. The new roof will help keep equipment safe and allow workers to focus on fire emergency calls for the surrounding community in Renville County. “Our 21st century economy demands 21st century infrastructure, and that requires investments in roads, bridges, airports,
U.S. Senator Tina Smith Delivers for Minnesotans as Treasury Department Says Social Security Beneficiaries Do Not Need to File Tax Returns to Receive COVID-19 Cash Assistance
WASHINGTON, D.C. [04/02/20]—Today, U.S. Senator Tina Smith (D-Minn.) shared that late last night the U.S. Treasury Department heeded concerns voiced by Sen. Smith and her colleagues and announced that Social Security recipients will automatically receive direct cash assistance included in the third bipartisan emergency coronavirus relief package—known as the CARES Act—without having to file tax returns. This follows an earlier call on Wednesday from Sens. Smith and her Democratic Senate colleagues—led by Sens. Maggie Hassan (D-N.H.) and Sherrod Brown (D-Ohio)—raising alarm over guidance the Internal Revenue Service (IRS) issued earlier this week that said Social Security beneficiaries would need to file tax returns
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