Build Now Act of 2025
- senate
- house
- president
Last progress July 24, 2025 (4 months ago)
Introduced on July 24, 2025 by John Neely Kennedy
Sponsors (2)
House Votes
Senate Votes
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Presidential Signature
AI Summary
This bill changes how Community Development Block Grant (CDBG) money is split among big cities and urban counties. Places that speed up their housing growth compared to their past rate can get extra funds. Places that fall below the middle of all recipients lose 10% of their usual amount. Very fast growers (at or above 4% current annual growth) also qualify for bonus funds. The extra money comes from the 10% taken from slower-growing areas, and it’s shared based on each area’s number of housing units. HUD must also publish a yearly report showing each area’s growth rate, who got a bonus, and who had funds reduced.
HUD will count housing units using Census address data at the block level, with help from the Census Bureau and USPS. Within 60 days of the law taking effect, HUD must tell each city or county its status and share guidance on cutting red tape to build more homes. The funding changes start in the second full fiscal year after the law is enacted and run through fiscal year 2042.
- Who is covered: Metropolitan cities and urban counties that receive CDBG funds.
| Key point | What it means |
|---|---|
| Who is affected | Metropolitan cities and urban counties getting CDBG funds |
| How funding changes | Bonus funds for areas at/above the median improvement rate or very fast growers; 10% cut for areas below the median |
| How “housing units” are counted | Using Census address files at the block level; Census and USPS provide data |
| Transparency | HUD publishes an annual report listing rates, bonuses, and reductions |
| Timing | Notices within 60 days; funding formula applies starting the second full fiscal year after enactment through FY2042 |