Changes to Funding and Scope of Community Wood Facilities Grant Program
The Act renames the program to the Community Wood Facilities Grant Program and increases its annual funding to $50 million for fiscal years 2024 through 2028. It raises the maximum grant amount to $5 million and increases the federal cost-share limit to 50%. The legislation expands project eligibility to include the construction of forest products manufacturing facilities (rather than just retrofitting) and raises the capacity limit for thermal energy projects to 15 megawatts.
Key points
Annual funding for the program increases from $25 million to $50 million for fiscal years 2024 through 2028.
The maximum grant per project increases to $5 million, and the federal share can cover up to 50% of costs (up from 35%).
Grant programs now cover the construction of forest products manufacturing facilities, not just the use or retrofitting of existing sawmills.
The capacity limit for thermal energy projects is increased from 5 megawatts to 15 megawatts.
Expired
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