The TDI Equity Program (the “Program”) will make capital improvement grants generally between $25,000 and $250,000 to real estate projects that activate and improve commercial spaces within and around TDI Districts. Successful projects will: • Prioritize and accelerate the use of ground floor commercial spaces in creative and meaningful ways • Align with the TDI partnership's vision for the District and relate to the goals articulated in the TDI workplan • Promote equitable economic development • Deploy resources quickly to create visible change on the ground Grants will be awarded on a competitive basis. The application round will open on Friday, February 16, 2024, and close on Monday, April 1, 2024. Only projects located in and around one of the thirteen (13) active TDI District are eligible to apply. Applications submitted under the previous Notice of Funding Availability issued in January 2023 are eligible to apply but will require a new application. The Transformative Development Initiative (TDI) provides a flexible set of resources to promote inclusive economic development and allow community partners to advance local priorities based on their unique circumstances. TDI specifically focuses on commercial districts that have experienced significant disinvestment, sometimes over decades and suffer from vacancy, blight, a struggling retail sector, a lack of neighborhood amenities, and loss of local ownership. The Program makes funding available for real estate capital improvements to promote new commercial activity, activate vacant spaces, build community wealth and support the people in our communities—entrepreneurs, community leaders, artists, and small business owners—that are the engines of vibrancy in TDI Districts.