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 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
Klobuchar, Smith Announce over $4 Million for Affordable Housing in Minnesota
WASHINGTON — U.S. Senators Amy Klobuchar and Tina Smith announced that the Department of Housing and Urban Development (HUD) has awarded Minnesota $4,078,002 in grants to meet the housing needs of Minnesotans. These funds, made available through the Housing Trust Fund (HTF), will be used to increase and preserve the supply of affordable housing for low-income households, including homeless families. “As Minnesotans continue to deal with the health and economic impacts of the coronavirus pandemic, ensuring all residents have access to safe housing is vitally important,” Klobuchar said. “These grants will help meet the needs of the people of our state, including the homeless, who
U.S. Senator Tina Smith: $7.6 Billion in Forgivable Loans Approved for Nearly 34,000 Minnesota Small Businesses
Senator Smith, Who Helped Pass Paycheck Protection Program Into Law, Calls Loan Approvals Important Start; Continues Pressing for Additional Funds, Faster Delivery and Improvements to Help More Businesses Access Paycheck Protection Program WASHINGTON, D.C. [04/15/20]—Today, U.S. Senator Tina Smith (D-Minn.)—a member of the Senate Banking Committee—announced that, as of April 13, 33,819 Minnesota small businesses have been approved for forgivable loans through the Paycheck Protection Program, which she helped pass into law as part of the recently passed legislation to address the COVID-19 pandemic. Sen. Smith is also pressing for improvements to the program so that money will flow more quickly and to fix implementation errors. These loans total $7,633,395,870 to help the state’s businesses and make Minnesota the
Thanks to Provision Authored by U.S. Senator Tina Smith, A Second Key Coronavirus Test Will Also Be Free to All Americans
WASHINGTON, D.C. [04/15/20]—U.S. Senator Tina Smith (D-Minn.), who in March successfully included free coronavirus testing for all Americans in legislation responding to the pandemic, said that this week top federal health officials have clarified for her that a second important “antibody” test to help determine which Americans have been infected and recovered will also be free under her testing provision. Sen. Smith said health experts, including those at Mayo Clinic, have said such “serology” tests, also known as antibody tests, could help determine who may have developed immunity to COVID-19, and will greatly assist efforts to identify individuals in areas where potential immunity
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