The Timber Innovation for Building Rural Communities Act directs the Department of Agriculture to establish a data platform that tracks carbon emissions, storage, and sequestration related to forest management and wood products within two years of enactment. The bill also creates three grant programs: a Wood Building Education Accelerator program to fund university curricula on wood construction that receives up to $5 million annually through 2028, a modified Wood Innovation grant program that prioritizes projects in economically disadvantaged areas and those promoting carbon reduction, and a Rural Infrastructure pilot program providing up to $10 million annually through 2028 to demonstrate innovative wood products in rural construction projects. The education and rural infrastructure grants require matching funds from non-federal sources, with reduced matching requirements for projects in smaller communities. Overall, the legislation aims to support rural economic development and forest management while promoting the use of wood products in building and construction.
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