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. Sens. Smith & Sasse Introduce Bipartisan Bill to Improve Credit Union Employee Safety, Simplify Operations
WASHINGTON, D.C. [02/24/20]—Today, U.S. Senators Tina Smith (D-Minn.) and Ben Sasse (R-Neb.) introduced bipartisan legislation—the Credit Union Governance Modernization Act—that would make credit unions safer for employees and members, and simplify rules for credit union operations. The measure would allow federal credit unions to expel members for violations of credit union policies, without requiring a vote of membership. Under current law, a federal credit union must hold of a vote of its entire membership before it can expel a member who engages in unacceptable, sometimes dangerous behavior. Minnesota credit unions have shared stories of members who have robbed credit unions, smashed ATMs, and sexually
U.S. Sens. Smith, Jones, Rounds Successfully Create New USDA Post to Improve Health Care in Rural America
WASHINGTON D.C. [02/20/20]—Today, U.S. Senators Tina Smith (D-Minn.), Doug Jones (D-Ala.) and Mike Rounds (R-S.D.), and U.S. Representative Angie Craig (D-MN 2) lauded the USDA for filling the new role of rural health liaison to help improve rural health care—something the bipartisan group of senators pushed to include in the Farm Bill and Rep. Craig advocated for. Sens. Smith, Jones, Rounds first introduced the Rural Health Liaison Act to create a liaison with the USDA to better coordinate rural health resources across the federal government and improve health care delivery for Minnesotans and people across the country living in rural areas. Last year,
U.S. Sen. Tina Smith: Virtually Every Minnesota Community Has a Housing Shortage That Hurts State’s Families, Businesses, and Economic Growth
U.S. Senator Tina Smith (D-Minn.) said today that virtually every Minnesota community has a shortage of quality, affordable housing, which not only hurts the health and well-being of families, communities and businesses across the state, but also restrains job creation and economic growth. She released a report of the findings of her recently-completed “Statewide Housing Listening Tour” at an event in Duluth on Monday. Senator Smith, a member of the Senate Banking, Housing and Urban Affairs Committee, which oversees the nation’s housing policy, said she and her staff met with hundreds of Minnesotans during 21 meetings and listening sessions in communities across the state. They found many barriers
U.S. Senators Tina Smith & Lisa Murkowski Press Secretary DeVos for Answers About Undercounting American Indian and Alaska Native Students
WASHINGTON, D.C. [02/14/2020]—U.S. Senators Tina Smith (D-Minn.) and Lisa Murkowski (R-Alaska) pressed Education Secretary Betsy DeVos to stop undercounting the number of American Indian and Alaska Native (AIAN) students in America’s schools. Inaccurately identifying students leads to an incomplete picture of whether or not a school is adequately meeting students’ educational needs. Sens. Smith and Murkowski—both members of the Senate Indian Affairs and Education Committees—said that the Department of Education’s guidance and standards for the collection, aggregation and reporting of student race and ethnicity data are causing a significant undercounting of AIAN students at the federal level—especially for AIAN students from multiethnic or multiracial backgrounds. The Senators say that undercounting
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