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
Senators Klobuchar, Smith Urge Vice President to Actively Work with Native Communities, Tribal Leaders on Coronavirus Response
WASHINGTON, D.C. – U.S. Senators Amy Klobuchar and Tina Smith (D-Minn.) are urging Vice President Mike Pence to actively work with Native communities and Tribal leaders as part of the federal government’s response to the 2019 novel coronavirus (COVID-19). In a bipartisan effort led by vice chairman of the Senate Committee on Indian Affairs Tom Udall (D-N.M.), 27 senators sent a letter to Vice President Pence following Congress passing an emergency funding bill that includes $40 million for Tribes, Tribal organizations and Urban Indian Health Organizations impacted by COVID-19. The United States has confirmed COVID-19 cases in a number of states where Tribes and urban Indian communities are located. Given these developments and past issues accessing federal resources for the Zika, Ebola, H1N1, and SARS outbreaks, Tribes and Urban Indian Organizations have voiced concerns that federal COVID-19 response efforts
U.S. Senator Tina Smith Fights to Increase Diversity in Corporate Leadership
WASHINGTON, D.C. [03/6/20]—This week U.S. Senator Tina Smith (D-Minn.) helped introduce a bill led by Senator Catherine Cortez Masto (D-Nev.) to ensure transparency and encourage corporate leadership so that corporate boards reflect our nation’s diversity. Despite a strong business case for diverse leadership, corporate boards do not reflect the gender, racial and ethnic diversity of the United States. According to a recent study, women and people of color occupy only 38% of board seats at Fortune 100 companies and 34% at Fortune 500 companies. “The truth is, when we work to empower people from different races, ethnicities, and genders, we all benefit—and the economy does too,” said Sen.
Senators Klobuchar, Smith Help Pass Emergency Funding for Coronavirus Response and Preparedness
Washington, D.C. – U.S. Senators Amy Klobuchar and Tina Smith (D-Minn.) voted to secure $7.8 billion in emergency funding for coronavirus (COVID-19) preparedness and response efforts, including support for state and local health agencies, vaccine and treatment development, and low-interest loans for small businesses affected by the outbreak, and an additional $500 million to expand telehealth services for seniors in small towns and rural areas who receive Medicare benefits. The emergency funding also includes at least $40 million for Tribal health entities to ensure Tribal communities have the resources needed to respond to the virus outbreak. The state of Minnesota
U.S. Senators Klobuchar & Smith Announce Grants Totaling More Than $2 Million to Bemidji State University and St. Cloud State University
WASHINGTON, D.C. [03/05/20]—U.S. Senators Amy Klobuchar and Tina Smith (D-Minn.) announced that the National Science Foundation has awarded more than $2 million to fund projects at Bemidji State University and St. Cloud State University aimed at addressing the science, technology, engineering and math (STEM) teacher shortage in Minnesota. “As we work to address teacher shortages across Minnesota and our country, we must invest in students who want to serve their communities as educators in the fields of science, technology, engineering, and math (STEM),” said Sen. Klobuchar “These National Science Foundation awards promoting STEM education will help Bemidji State University and St. Cloud State University
English