Community Wood Facilities Assistance Act of 2023

S 1735, the Community Wood Facilities Assistance Act of 2023, establishes a federal grant program to support forest product manufacturing facilities. It directly affects manufacturers of wood products by providing grants for constructing, using, or retrofitting facilities focused on forest products. Key changes include increasing annual funding from $25 million to $50 million (for fiscal years 2024-2028), raising the maximum grant size to $5 million, and requiring facilities to meet a 15-megawatt thermal energy threshold instead of 5 megawatts. The bill also updates eligibility to prioritize cost-effectiveness and market competitiveness for forest products manufacturing projects.