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. Senators Smith & Barrasso Plan to Introduce Bipartisan Bill to Provide Relief to America’s Rural Hospitals
WASHINGTON, D.C. [04/19/20]—Today, U.S. Senators Tina Smith (D-Minn.) and John Barrasso (R-Wyo.)—co-chairs of the Senate Rural Health Caucus—announced that they will be introducing their bipartisan Rural Health Relief Act, which would provide relief to rural hospitals amid the coronavirus (COVID-19) pandemic by making them eligible for the Paycheck Protection Program (PPP) created through the CARES Act. The PPP provides 100 percent federally guaranteed loans to employers who maintain their payroll during the COVID-19 emergency, with loan forgiveness of up to eight weeks of payroll based on employee retention and salary levels. Unfortunately, the PPP as it currently stands excludes small, publicly-owned hospitals. Sens. Smith
U.S. Senator Tina Smith Leads 16 Colleagues in Bipartisan Push For Rural Housing Assistance Amid Economic Fallout from Pandemic
WASHINGTON, D.C. [04/17/20]—In an effort to prevent people in small towns and rural communities—particularly low-income families, seniors and people with disabilities—from losing their housing during the coronavirus pandemic, U.S. Senator Tina Smith (D-Minn.) today led a bipartisan group of 16 colleagues in pressing top Senate Appropriators for emergency funding to help rural renters. Sen. Smith—a member of the Senate Housing and Banking Committee—said that 86 percent of counties in the United States struggling with persistent poverty are in rural areas, and yet the United States Department of Agriculture (USDA) Rural Housing Service Program received no funding in the recently-passed legislation to address the pandemic. This vital program helps low-income households, seniors and persons with disabilities in rural communities access affordable housing. The push came
U.S. Senator Tina Smith, Minnesota Lieutenant Governor Peggy Flanagan: Coronavirus Relief Funding Meant for Tribes Should Go To Tribal Governments, Not Corporations
WASHINGTON, D.C. [04/16/20]—Today, U.S. Senator Tina Smith (D-Minn.) and Minnesota Lieutenant Governor Peggy Flanagan voiced concerns over the Trump Administration’s apparent move to send a portion of CARES Act relief intended for Tribal governments to for-profit Alaska Native corporations. The CARES Act provides $8 billion in critical relief to Tribal governments so they can respond to the COVID-19 pandemic and continue to provide essential government services. The U.S. Treasury Department is required to distribute the $8 billion by April 24, but the Trump Administration is already signaling that it is putting for-profit corporations ahead of Tribal governments and Tribal members. Sen. Smith and Lt. Gov.
U.S. Senators Klobuchar, Smith, Colleagues Press President Trump for Answers on Mismanagement of the Strategic National Stockpile
WASHINGTON, D.C. [04/17/20]—U.S. Senators Amy Klobuchar and Tina Smith (D-Minn.) are calling on President Trump to provide answers on the Administration’s mismanagement of the Strategic National Stockpile, which has left states without promised federal assistance and supplies they need to combat coronavirus (COVID-19) and save lives. “The COVID-19 pandemic threatens the overall health and safety of families across the country, in every single state. Dozens of states have requested supplies from the stockpile to ensure that public health workers, emergency responders, and frontline health care workers have the personal protective equipment they need to prevent the spread of this virus
English