U.S Code last checked for updates: Jul 31, 2026
All TitlesTitle 42Chapter 165Subchapter I
§ 19507.
Build Now Act
(a)
Definitions
In this section:
(1)
Covered recipient
(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)
the median Small Area Fair Market Rent in the jurisdiction of the covered recipient is at or below the 60th percentile of median Small Area Fair Market Rents in the jurisdictions of all covered recipients; and
(ii)
the median home value in the jurisdiction of the covered recipient is below the median home value for the United States;
(B)
the annual rental vacancy rate in the jurisdiction of the covered recipient is greater than the national annual rental vacancy rate for the most recent year available, as published by the Bureau of the Census;
(C)
during the 3-year period preceding the date on which the Secretary allocates funds under section 106, the jurisdiction of the covered recipient has been the subject of a major disaster or emergency declaration under section 5170 or 5191, respectively, of this title; or
(D)
the covered recipient lacks the legal authority to enact or update zoning and permitting ordinances.
(4)
Extremely high-growth recipient
(5)
Housing growth improvement rate
The term “housing growth improvement rate”, with respect to an eligible recipient and a fiscal year, means the quotient of—
(A)
(i)
the current annual growth rate of the eligible recipient, minus
(ii)
the prior annual growth rate of the eligible recipient; and
(B)
the sum obtained by adding the absolute values of the current annual growth rate and the prior annual growth rate of the eligible recipient.
(6)
Prior annual growth rate
The term “prior 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 11th preceding fiscal year; and
(B)
ending with the third quarter of the sixth preceding fiscal year.
(7)
Secretary
(8)
Section 106
(b)
Adjustments to community development block grant allocations
(1)
In general
(2)
Adjustments
(A)
Housing growth improvement rate at or above median; extremely high-growth recipients
(i)
In general
(ii)
Bonus amount
For purposes of clause (i), the bonus amount for an eligible recipient for a fiscal year shall be equal to the product of—
(I)
the aggregate amount by which allocations to eligible recipients are decreased under subparagraph (B) for that fiscal year; and
(II)
the quotient of—
(aa)
the difference in the number of housing units, between the third quarter of the second preceding fiscal year and the third quarter of the preceding fiscal year, in the jurisdiction of the eligible recipient, as calculated by the Secretary; and
(bb)
the difference in the number of housing units, between the third quarter of the second preceding fiscal year and the third quarter of the preceding fiscal year, in the jurisdictions of all eligible recipients that receive a bonus amount under this paragraph, as calculated by the Secretary.
(B)
Housing growth improvement rate below median
(c)
Calculation of housing units
(1)
Housing and urban development requirements
In calculating the number of housing units in the jurisdiction of an eligible recipient under any provision of this section, the Secretary shall—
(A)
use the Current Address Count Listing Files and other data products, as needed, of the Bureau of the Census tabulated from the Master Address File; and
(B)
make calculations at the block level, using boundaries that reflect the most current boundaries.
(2)
Census Bureau and Postal Service requirements
(3)
Adjustment of calculation periods
(d)
Annual report on housing growth improvement rate
Before allocating funds under section 106 for a fiscal year, the Secretary shall publish a report that—
(1)
includes the housing growth improvement rate for each eligible recipient; and
(2)
lists, for the most recent fiscal year for which allocations were made under section 106—
(A)
the eligible recipients that received a bonus amount under subsection (b)(2)(A); and
(B)
the eligible recipients for which the allocation under section 106 was decreased under subsection (b)(2)(B) of this section.
(e)
Notification; implementation dates
(1)
Notification
(A)
In general
(B)
Guidance
(2)
Implementation dates
(3)
No effect on previous appropriations
(Pub. L. 119–101, title II, § 213, July 11, 2026, 140 Stat. 885.)
cite as: 42 USC 19507
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