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. Sen. Tina Smith: $16 Million in USDA Funding Available To Organizations Helping Veterans, Non-Traditional Farmers Get Into Agriculture
[WASHINGTON, 07/17/19] – Today, U.S. Senator Tina Smith (D-Minn.) said U.S. Department of Agriculture (USDA) is making up to $16 million available to eligible groups and organizations to fund efforts to get veterans and non-traditional farmers in Minnesota and across the country get into agriculture. Sen. Smith, a member of the Senate Agriculture Committee, said she pushed to reauthorize the funding during the debate over the 2018 Farm Bill – which was signed into law late last year. The funding is available through the USDA’s Outreach and Assistance for Socially Disadvantaged Farmers and Ranchers and Veteran Farmers and Ranchers Program (also
U.S. Senator Tina Smith, St. Paul Mayor Melvin Carter to Discuss Climate Action at the Local Level as Part of Senate Democrats’ Special Committee on the Climate Crisis Inaugural Hearing in Washington on Wednesday, July 17
WASHINGTON, D.C. [07/16/19]—Tomorrow, July 17, Senator Tina Smith (D-Minn.) will take part in the inaugural hearing of the Senate Special Committee on the Climate Crisis—on which she serves—to discuss the role the federal government can and should play in helping cities achieve clean energy goals and fight climate change. Sen. Smith will be joined by St. Paul Mayor Melvin Carter, as well as other mayors from cities across the country. You can access a live video of the hearing here. “The ones closest to the work often know best what will work, and that certainly holds true when it comes
U.S. Senators Smith, Durbin, Cramer Introduce Bipartisan Bill to Speed Up Availability of Lower-Cost Insulin
WASHINGTON, D.C. [07/11/19]—Today, U.S. Senators Tina Smith (D-Minn.), Dick Durbin (D-Ill.), and Kevin Cramer (R-N.D.) introduced new bipartisan legislation that would speed up approvals of lower-cost insulin products in order to help people with diabetes access the life-saving medication they need to survive. Approximately 7.5 million Americans with diabetes rely on insulin every day to survive, yet the drug has experienced a price increase of more than 600 percent over the past two decades in the United States. Sens. Smith, Durbin, and Cramer’s legislation—called the Affordable Insulin Approvals Now Act—would help lower the price of insulin by promoting competition and bringing
U.S. Senators Klobuchar and Smith Urge Minnesota Producers Impacted by Flooding to Take Advantage of Crop Reporting Deadline Extension
WASHINGTON, D.C. [07/11/19]—Today, U.S. Sens. Amy Klobuchar (D-Minn.) and Tina Smith (D-Minn.) are urging Minnesota farmers hit by flooding to report spring-seeded crops by the extended deadline of July 22. The United States Department of Agriculture (USDA) recently extended the deadline for states impacted by recent flooding and heavy moisture. “Our farmers are the backbone of our economy, and we must do everything we can to help them during severe weather challenges like those they’ve experienced this spring,” Klobuchar said. “Extending the deadline to report crop acreage offers farmers more flexibility on delayed plantings and other fieldwork while ensuring they still qualify
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