S.2441

Build Now Act of 2025 adjusts community development block grant allocations based on housing growth improvement rates.

The Build Now Act of 2025 modifies community development block grant allocations by the Secretary of Housing and Urban Development. It adjusts allocations based on the housing growth improvement rate of eligible recipients. If a recipient's rate is at or above the median, or if they are an extremely high-growth recipient, they receive a bonus allocation. Conversely, if the rate is below the median, the allocation is decreased by 10%. The act also mandates annual reports on housing growth improvement rates and requires notification to recipients within 60 days of enactment.