Build Now Act of 2025

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 6363 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 6363 To provide for adjustments to community development block grant allocations based on improvements in housing growth rates. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES December 2, 2025 Mrs. McClain (for herself and Mr. Himes) introduced the following bill; which was referred to the Committee on Financial Services, and in addition to the Committee on Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned _______________________________________________________________________ A BILL To provide for adjustments to community development block grant allocations based on improvements in housing growth rates. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Build Now Act of 2025''. SEC. 2. DEFINITIONS. In this Act: (1) Covered recipient.--The term ``covered recipient'' means a metropolitan city or urban county, as those terms are defined in section 102 of the Housing and Community Development Act of 1974 (42 U.S.C. 5302), that receives funds under section 106. (2) Current annual growth rate.--The term ``current annual growth rate'', with respect to an eligible recipient and a fiscal year, means the average annual percentage increase in the number of housing units in the jurisdiction of the eligible recipient, as calculated by the Secretary, during the period-- (A) beginning with the third quarter of the sixth preceding fiscal year; and (B) ending with the third quarter of the preceding fiscal year. (3) Eligible recipient.--The term ``eligible recipient'' means any covered recipient unless-- (A)(i)