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
Klobuchar, Smith Announce Extension of Crop Insurance Premium Flexibility for Farmers
WASHINGTON – U.S. Senators Amy Klobuchar (D-MN) and Tina Smith (D-MN), both members of the Senate Agriculture Committee, announced that the United Sates Department of Agriculture (USDA) is deferring accrual of interest on 2019 crop year insurance premiums to support farmers affected by recent flooding and extreme weather. Producers will now have until January 31, 2020, to pay their 2019 crop insurance premium without accruing interest. For any premium that is not paid by that date, interest will accrue consistent with the terms of the policy. “Many farmers in Minnesota were unable to get into their fields this fall due
Klobuchar, Smith, Peterson Announce $1.7 Million for Rural Infrastructure Investments in Sacred Heart
WASHINGTON– U.S. Senators Amy Klobuchar (D-MN), Tina Smith (D-MN), and Representative Collin Peterson (D-MN-07) announced that the U.S. Department of Agriculture (USDA) has awarded a loan of $1,700,000 to the City of Sacred Heart, Minnesota for infrastructure improvements. The funding will be utilized for rehabilitation and re-construction of city streets affected by water and storm sewer upgrades. “Investments in more reliable infrastructure, like this one in Sacred Heart, are crucial to improving Minnesota communities,” Klobuchar said. “Our 21st century economy demands 21st century infrastructure, and that requires investments in roads, bridges, airports, and rural communities.” “This investment in Sacred Heart is an investment in community
Klobuchar, Smith Announce Rural Development Funding to Support Local Agriculture in Minnesota
WASHINGTON – U.S. Senators Amy Klobuchar (D-MN) and Tina Smith (D-MN) announced that the U.S. Department of Agriculture (USDA) has awarded grants totaling $800,000 to provide technical assistance and support for local cooperatives and small businesses in Minnesota. “These grants will help ensure that local cooperatives and small businesses have access to the support and training opportunities they need to succeed and continue developing more value–added uses for crops and coproducts and local agricultural opportunities,” Klobuchar said. “We must continue working to expand opportunity for farmers to enhance and sustain their livelihood for generations to come.” “This investment will help move Minnesota products to market, support a
U.S. Sens. Smith & Cramer Unveil Bipartisan Bill to Fully Examine Scope of Insulin Affordability Crisis in Order to Bring Relief to Americans Struggling to Afford Medication
WASHINGTON, D.C. [11/14/19]—In association with World Diabetes Day, U.S. Senators Tina Smith (D-Minn.) and Kevin Cramer (R-N.D.) today introduced bipartisan legislation—along with Sens. Tammy Baldwin (D-Wis.), Dick Durbin (D-Ill.), Cindy Hyde-Smith (R-Miss.) and Roger Wicker (R-Miss.)—to create a national study to more fully understand the scope of the insulin affordability crisis in America. Earlier this year, Sens. Smith and Cramer introduced bold, bipartisan legislation to bring down the cost of insulin and hold manufactures accountable for excessive increases in the price of the life-sustaining medicine. Now, the senators and a bipartisan group of their Senate colleagues are working to expand the scope
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