Bill > S08918

This bill, known as the "FRAME act," establishes two new programs to promote the use of mass timber, a sustainable building material, in New York. The "Build Up New York pilot program" will provide grants to eligible municipalities that construct new affordable housing projects on top of existing buildings using mass timber, prioritizing projects that use locally sourced timber. The "Mass Timber for Affordable Housing program" will offer tax credits to eligible taxpayers who use mass timber in new construction or major renovations of buildings primarily serving households earning up to 150% of the area median income, with an additional credit for using New York-sourced timber. The bill also includes tax credits for businesses involved in mass timber production. The pilot program will be evaluated annually and will expire after five years, while the tax credit programs will apply to taxable years beginning on or after January 1, 2026.

Housing and Urban Affairs

https://www.nysenate.gov/legislation/bills/2025/S8918