Governor Healey and Lieutenant Governor Driscoll Release $15.6 Billion Capital Investment Plan for Fiscal Year 2025–2029

Jun 19, 2024

The Healey-Driscoll Administration released its Fiscal Year 2025-2029 Capital Investment Plan (CIP), funding $15.6 billion in projects and programs over the next five years, with a focus on housing, economic development, infrastructure and climate resiliency.

Many of these programs benefit age- and dementia friendly community efforts.

The capital plan includes more than $3.1 billion in Fiscal Year 2025 – an increase of $212 million from Fiscal Year 2024 – to build on the progress the administration made in Fiscal Year 2024, with a focus on using new growth in the CIP to lower the cost of housing and enhance the state’s economic competitiveness. This includes the creation of the MBTA Communities Catalyst Fund for communities that are in compliance with the MBTA Communities Law by providing support for infrastructure and housing projects.

Below are some of the many programs that are supportive of age- and dementia friendly communities:


  • $108 million in FY25 for the second year of HousingWorks – a competitive and flexible grant program for housing development, preservation, and rehabilitation.
  • $57 million for the Affordable Housing Trust Fund for the creation of more than 1,000 affordable units for low-income families
  • $29 million for the Housing Innovations Fund, an increase of $14 million over the FY24 CIP, for grants to create 500+ units of innovative and alternative forms of rental housing
  • $15 million over three years for the MBTA Communities Catalyst Fund pilot to reward communities in compliance with Section 3A of MGL c. 40A. by offering support for infrastructure projects and planning for housing, housing development, and acquisition of properties to develop housing units
  • $10 million in FY25 for the Momentum Fund to support large scale, mixed-income multifamily development in a time where rising construction costs and high interest rates challenge the financial viability of these critical projects.


  • $21.9 million in FY25 for the Mobility Assistance Program, which funds transportation services to seniors and persons with disabilities through vehicle purchases.
  • $15 million for Complete Streets
  • $6.5 million for Shared Streets and Spaces Program Grants


  • Nearly $5 million for the Community Compact IT Grant program
  • $5 million for Municipal ADA Improvement Grants
  • $10 million for MassTrails Grants

More information on the Capital Investment Plan is available here.