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 Join Bipartisan Push to Target Additional Funding for Lewis & Clark Water Project
WASHINGTON, D.C. [01/28/20]— U.S. Senators Amy Klobuchar and Tina Smith (D-Minn.) helped push a top Trump Administration official to target some of the millions of dollars in additional funding for the nation’s rural water projects—approved by Congress in December—to the Lewis & Clark Rural Water System, which serves communities across southwestern Minnesota that currently don’t have a reliable source of clean water. Supporting this water system is vital for bolstering job creation and economic development. The senators called on U.S. Interior Secretary David Bernhardt—as part of a bipartisan group of 10 House and Senate lawmakers who represent Minnesota, South Dakota and Iowa, the three states served by the Lewis & Clark project—to ensure an adequate part of
Klobuchar, Smith Announce over $5 Million in Funding for Rural Broadband Deployment in Brainerd
WASHINGTON – U.S. Senators Amy Klobuchar (D-MN) and Tina Smith (D-MN) announced over $5 million in funding for rural broadband deployment in the Brainerd area. The funding from the U.S. Department of Agriculture (USDA)’s ReConnect program will support high-speed broadband infrastructure projects that will improve connectivity for rural Minnesota households. “Our 21st century economy demands 21st century infrastructure, and that will require investments in rural broadband,” Klobuchar said. “This critical funding will help connect more Minnesotans from Brainerd and the surrounding area to high-speed internet. Continued investments in broadband will transform how we do business, provide medical care, educate our children, create
Klobuchar, Smith Announce over $5 Million in Funding for Rural Broadband Deployment in Harmony
WASHINGTON – U.S. Senators Amy Klobuchar (D-MN) and Tina Smith (D-MN) announced over $5 million in funding provided to Harmony Telephone Company for rural broadband deployment in the Harmony area. The funding from the U.S. Department of Agriculture (USDA)’s ReConnect program will support high-speed broadband infrastructure projects that will improve connectivity for rural Minnesota households. “Our 21st century economy demands 21st century infrastructure, and that will require investments in rural broadband,” Klobuchar said. “This critical funding will help connect more Minnesotans from Harmony and the surrounding area to high-speed internet. Continued investments in broadband will transform how we do business, provide medical
Smith, Portman Bipartisan Revitalizing Underdeveloped Rural Areas and Lands (RURAL) Act to be Signed Into Law
Today, U.S. Senators Rob Portman (R-OH) and Tina Smith (D-MN) announced that the Senate passed the final FY 2020 funding bill that includes their bipartisan Revitalizing Underdeveloped Rural Areas and Lands (RURAL) Act to preserve jobs and encourage infrastructure development by expanding tax-exempt cooperative organizations’ access to government grants and assistance, including rural broadband grants and FEMA disaster relief. This legislation provides certainty for co-ops looking to utilize government resources to deliver critical services to their members, such as broader access to high-speed internet or repairs to the electrical grid. The legislation now heads to the president’s desk for signature. “I’m pleased that
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