ReleVote

Build Now Act of 2025

Bill Number
H.R. 6363
Origin Chamber
House
Congress
119th Congress, Session 1
Policy Area
Housing and Community Development
Status
Introduced
Latest Action
2025-12-02: 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.
Last Updated
2026-01-31T09:05:23Z

AI-Generated Summary

Purpose of the Legislation

The Build Now Act of 2025 aims to encourage faster housing development in urban areas by linking federal Community Development Block Grant (CDBG) funding—money provided to local governments for community projects like housing and infrastructure—to improvements in local housing growth rates. It rewards areas showing strong housing increases with extra funds while reducing allocations for areas with slower growth.

Key Provisions

Significant Changes to Existing Law

This bill amends Section 106 of the Housing and Community Development Act of 1974, which governs CDBG formula-based allocations to cities and counties. It introduces a new performance-based adjustment tied to housing growth metrics, creating bonuses and penalties not previously in the law. These changes are temporary (ending in 2043) and do not alter the core CDBG eligibility or uses but overlay a growth-incentive layer on top of the existing formula.

Potential Impacts

Main Stakeholders Affected

Notable Legal, Constitutional, or Political Implications

This summary was generated by AI and may contain inaccuracies. Refer to the official source document for the authoritative text.

Sponsor

Rep. McClain, Lisa C. [R-MI-9]

Cosponsors (2)

Rep. Himes, James A. [D-CT-4], Rep. Perez, Marie Gluesenkamp [D-WA-3]

Recent Actions

Bill Versions

Related Bills