Bill · S. 2441· Senate(119-S-2441)
Build Now Act of 2025
- Introduced
- 7/24/2025
- Last activity
- 7/24/2025 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Sponsored by
- John Kennedy
- Cosponsors
- - 0 - 1
- Introduced
- In Committee
What this bill would do
The Build Now Act of 2025 aims to change how community development block grant funds are distributed. It directs the Secretary of Housing and Urban Development to adjust grant allocations based on a recipient's housing growth improvement rate. Recipients that show significant growth or meet "extremely high-growth" status can receive a bonus amount. Conversely, recipients with a housing growth improvement rate below the median may see their funding decreased by 10 percent. This adjustment system is intended to incentivize the increase of housing units within jurisdictions. The new funding rules are set to begin in the second full fiscal year after the bill is enacted.
Yes· 3 of 6
Would people in cities be better off under this?+4
The bill specifically targets metropolitan cities and urban counties to increase their housing supply.
Does this make housing cost less?+4
The act seeks to increase the supply of housing by incentivizing jurisdictions to reduce regulatory barriers.
Would households on low incomes be better off under this?+3
By incentivizing increased housing production, the bill aims to improve the availability of housing for residents.
The opposite
Does this invest in rural communities?-2
Jurisdictions with lower home values or high vacancy rates may be excluded from receiving these adjusted funds.
Who it would affect, and how
Potential Positive Impacts for People
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Financial Bonuses for Growing Jurisdictions: Eligible recipients that have a housing growth improvement rate at or above the median, or are considered "extremely high-growth recipients," will receive a bonus amount in addition to their standard allocation under section 106. (Section 3(b)(1))
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Support for Increasing Housing Supply: The Secretary is required to provide guidance and resources to recipients regarding best practices and policies intended to reduce regulatory barriers and increase the supply of housing. (Section 6(a)(2))
Potential Negative Impacts for People
-
Funding Reductions for Slow-Growth Jurisdictions: Recipients that have a housing growth improvement rate below the median may face a 10 percent decrease in the amount they would otherwise receive under section 106. (Section 3(b)(2))
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Exclusion from Eligibility: Certain jurisdictions may be barred from receiving these adjusted funds if they meet specific criteria, such as having a median Small Area Fair Market Rent at or below the 60th percentile while also having a median home value below the national median, having high natural rental vacancy rates, being subject to a major disaster or emergency declaration, or lacking the legal authority to update zoning and permitting ordinances. (Section 2(3))
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Urban Residents+4Good For Low Income Households+3Good For Middle Class Households+2
- Social Issues And Justice
- Improves Affordable Housing+4Improves Poverty Reduction+2
- Economy And Finance
- Improves Economic Growth+3
- Environment Energy And Infrastructure
- Improves Rural Development-2
- 7/24/2025
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 1 Cosponsor added.
- Introduced in Senate
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Elizabeth WarrenDemocrat · Massachusetts