Build Now Act of 2025

The Build Now Act of 2025 adjusts Community Development Block Grant (CDBG) allocations for eligible cities and urban counties under Section 106 of the Housing and Community Development Act of 1974. It calculates a "housing growth improvement rate" for each recipient - measuring changes in housing unit growth - and rewards jurisdictions with the highest improvement rates by adding bonus funds to their CDBG allocation, while reducing allocations by 10% for those below the median rate. The bill applies to metropolitan areas meeting specific criteria (e.g., not experiencing disasters, having sufficient zoning authority) and requires the Department of Housing and Urban Development (HUD) to publish annual reports on these rates and distribution. Funding adjustments take effect three years after enactment and run through 2043.