Build Now Act of 2025

The Build Now Act of 2025 adjusts federal housing funding for eligible cities and counties that receive Community Development Block Grants (CDBGs). It rewards jurisdictions with strong housing growth by adding bonus funds to their CDBG allocations if their housing growth rate meets or exceeds the median of similar areas, or if they qualify as "extremely high-growth" (4%+ annual growth). Conversely, areas with below-median growth face a 10% reduction in their standard CDBG allocation. The bill uses housing unit data from the Census Bureau to calculate growth rates and requires annual reports on these metrics before funding is distributed. This policy directly affects over 100 metropolitan areas meeting the defined eligibility criteria under the Housing and Community Development Act of 1974.