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: Too Many Children in Federal Housing Still At Risk of Lead Exposure
WASHINGTON, D.C. [05/21/19]—U.S. Senator Tina Smith (D-Minn.) is leading a Senate effort to greatly reduce the risk that children in Minnesota and across the country who live in federally subsidized housing are exposed to lead, which can cause serious health, neurological, and behavioral problem. On Tuesday, Sen. Smith along with several Senate colleagues introduced the “Lead-Safe Housing for Kids Act,” to require the U.S. Department of Housing and Urban Development (HUD) to adopt prevention measures and update rules to protect children from lead exposure. “A family should never have to choose between affordable housing and their children’s safety,”
U.S. Senator Tina Smith Introduces Bipartisan Legislation to Provide Students, Families with Access to Important Financial Aid Information
WASHINGTON D.C. [03/27/19] – Today, U.S. Senator Tina Smith (D-Minn.) introduced bipartisan legislation to empower students and their families with better information about the costs of college from the initial college search and the application process, to when it comes time to accept financial aid. The Net Price Calculator Improvement Act, Understanding the True Cost of College Act and Know Before You Owe Federal Student Loan Act would help college students avoid sticker shock, compare colleges to find the best value and increase the amount of information students receive about federal student loans before they sign up for tens of
U.S. Senators Amy Klobuchar, Tina Smith Laud Lewis & Clark Project’s Rural Development Milestone in Southwestern Minnesota
WASHINGTON, D.C. [05/21/2019]—Today, U.S. Senators Amy Klobuchar and Tina Smith (D-Minn.) released the following statements after Worthington in southwestern Minnesota became the latest city to be connected to clean water through the Lewis & Clark Regional Water System. “The Lewis and Clark pipeline is critical to delivering reliable, clean water to farmers, businesses, and families in Southwestern Minnesota,” said Sen. Klobuchar. “So many people have been working on this project for years and this is an exciting step forward for the community.” “The Lewis & Clark project is essential to supply clean drinking water to rural communities, and it’s a
U.S. Senator Tina Smith Pushes for Service Members to Receive Owed Student Loan Benefits
WASHINGTON, D.C. [05/16/2019]—United States Senator Tina Smith (D-Minn.) is pushing to get servicemembers the student loan payments they have been incorrectly denied under existing law. In a letter to Acting Secretary of Defense Patrick Shanahan, Sen. Smith expressed her support for a proposed “matching agreement” with the Department of Education which would enable servicemembers to automatically get the refunds they are owed. The letter was led by Sens. Patty Murray (D-Wash.) and Elizabeth Warren (D-Mass.). “The new matching agreement should allow all eligible servicemembers and veterans-including those who were formerly eligible-to automatically receive refunds for any interest amounts that they
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