Community Wood Facilities Assistance Act of 2023

HR 2386, the Community Wood Facilities Assistance Act of 2023, amends two existing federal grant programs to support forest products manufacturing. It increases annual funding from $25 million to $50 million for fiscal years 2024-2028 and shifts focus from energy projects to construction, use, or retrofitting of facilities that process forest products. The bill raises the maximum grant amount from $3.5 million to $5 million per project and adjusts technical requirements, such as increasing thermal energy thresholds and adding market competitiveness as a consideration. This directly affects forest products manufacturers, sawmills, and rural communities seeking to expand or modernize wood-processing facilities.