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119-s-2441119th CongressWALLET

Build Now Act of 2025

Sponsored By: Senator Kennedy, John [R-LA]

Introduced

Summary

Links Community Development Block Grant (CDBG) funding to local housing growth performance. This bill would base CDBG allocation adjustments on measured increases in housing units and reward faster-growing places while penalizing slower growth.

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 1 benefits, 0 costs, 1 mixed.

CDBG grants tied to housing growth

This bill would make HUD change annual CDBG section 106 grants based on housing growth. If an eligible city or county is below the median growth improvement rate, HUD would reduce that year's allocation by 10 percent. If an eligible place is at or above the median, or is an "extremely high-growth" place (current annual growth of 4% or more), HUD would give a bonus. The bonus pool would equal the total amount taken from below-median places and would be split by each bonus place's share of housing units as of the third quarter of the preceding fiscal year. Some covered places would not be eligible because of low rents and low home values, high rental vacancy, recent Stafford Act disasters, or lack of zoning authority. These allocation rules would start the second full fiscal year after enactment and run through fiscal year 2042.

HUD housing counts, reports, and notices

This bill would make HUD use Census Master Address File products and block-level counts when counting housing units. HUD could shift the named calculation windows by up to two months to match Census data. The Census Bureau and U.S. Postal Service would have to give HUD relevant data on request. Before each year's allocations, HUD would publish a report showing each eligible recipient's housing growth improvement rate and which places got bonuses or cuts. Within 60 days after enactment, HUD would notify each eligible recipient of its growth rate, how it ranks versus the median, and send guidance on cutting housing rules that block supply.

Sponsors & CoSponsors

Sponsor

Kennedy, John [R-LA]

LA • R

Cosponsors

  • Sen. Warren, Elizabeth [D-MA]

    MA • D

    Sponsored 7/24/2025

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
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