New housing has become a dream for most Americans. In its place is housing rehabilitation—an ideal vehicle for providing lower-cost, conveniently located, and environmentally sensitive shelter for the 1980s. How can its delivery capacity be ensured? Where is it most economical? How can citizen, city, and developer interests be synthesized?

This edited volume brings together for the first time the why, where, and how of this vital housing strategy. It details private-public rehabilitation efforts of the past three decades, and from this experience presents how gen-trification and economic problems can be addressed, and proven production and financing strategies effected. The materials are grouped as follows: retrospective view, economic and financial perspectives, construction and administrative procedures, and policy approaches. It includes selections by Henry Aaron, John Kenneth Galbraith, William Grigsby, Michael Stegman, George Sternlieb, and other experts. The book is of vital interest to government officials, planners, attorneys, developers, lenders, and consumers, and is ideal for textbook use in urban planning, real estate, finance, and public administration courses.