TDI Equity Investment Program

TDI Equity is the most significant real estate-specific tool in the TDI district toolkit. We use the TDI Equity Investment program to support the catalytic transformation of commercial properties with potential to spur additional transformative development in and around TDI districts. Through the program, MassDevelopment invests in near-term projects that activate ground floor and commercial spaces that will have significant economic impacts within a TDI district; are consistent with state and agency priorities; engage and build capacity in local communities and with partners; catalyze market demand and support TDI district goals; and lack other sufficient funding sources to proceed.

Eligible districts and workplan summaries:

Attleboro, Barnstable, Fall River, Holyoke, Lawrence, Lowell, Lynn, New Bedford, Pittsfield, Revere, Springfield, Taunton, and Worcester.

How to apply:

For general background information, please review the TDI Equity Program Brochure before advancing to the Notice of Funding Availability (NOFA).

• Notice of Funding Availability (NOFA)
  • (Translated in Spanish)
• Descriptions and maps of the TDI districts
• Concept Proposal Application
  • (Translated in Spanish)

Key dates and deadlines for 2024:

• April 1: Concept Proposals Due
• May 1: Final Applications Due
• June: Award announcements and approvals
• July: Contracting

Application Resources:

• Concept Proposal Video (3/4/24) WATCH HERE
• Full Application Walkthrough Video (3/18/24) WATCH HERE 

For general information:

Jim McKeag, TDI Fellow Fall River and South Cluster Lead
Email: jmckeag@massdevelopment.com

For disbursement inquiries:

Genesis Valverde, TDI Assistant Program Manager
Email: gvalverde@massdevelopment.com