This article examines the Neighborhood Transformation Initiative (NTI), Mayor John F. Street’s plan to revitalize Philadelphia’s distressed neighborhoods by issuing $295 million in bonds to finance the acquisition of property, the demolition of derelict buildings, and the assembling of large tracts of land for housing redevelopment. Despite its resemblance to the discredited urban renewal programs of the past, this plan offered real potential for reducing blight by leveraging substantial private investment at a time when public subsidies
for affordable housing and community development have been steadily diminishing.

However, NTI did not promote equitable development that might have fostered broader support for an inherently controversial plan. Moreover, Street’s initial leadership in proposing this bold initiative was followed by a reluctance to promote NTI aggressively after it was adopted in 2002. The  result was a watered-down effort that achieved some goals but has fallen short of what might have been accomplished.