Bill > A09255

This bill establishes two interconnected programs to promote the use of mass timber (engineered wood products like cross-laminated timber) in affordable housing projects across New York state. The Build Up New York Pilot Program will provide grants to eligible municipalities constructing new accessory dwelling units on top of existing buildings using mass timber, targeting households up to 150% of area median income. Simultaneously, the Mass Timber for Affordable Housing Program will offer tax credits to businesses that use mass timber in new construction or major retrofits of affordable housing projects, providing a 25% credit on costs directly related to mass timber design, procurement, and installation. An additional 10% credit is available for businesses involved in producing or processing mass timber. The bill aims to support New York's climate goals, promote sustainable construction, support workforce development, and accelerate housing production. Both programs include provisions for annual evaluations and reporting, ensuring transparency and allowing for potential program improvements. The tax credits and pilot program will take effect for taxable years beginning January 1, 2026, with the pilot program set to expire five years after its implementation.

Housing and Urban Affairs

https://www.nysenate.gov/legislation/bills/2025/A9255