As a result of massive urbanization and economic underdevelopment, housing shortages and poor housing conditions remain as a norm for major cities in developing countries. These housing crises have resulted in the emergence of squatter settlements and slum areas in and around poor countries’ urban centers, further exacerbating nascent strains on quality of life. The majority developing countries’ populations are too poor to afford housing costs and hence government intervention in the form of providing low-cost (subsidized) housing is common. This study assesses the prospects and challenges of the government low-cost housing projects in Ethiopia''s capital, Addis Ababa.The findings of the research show the development of low-cost housing projects and corresponding challenges and opportunities. Accordingly, this book presents the overall assessment of the achievements and challenges of low-cost housing and finally provides possible suggestions for the assuaging the prevailing problems.The book is very important for those scholars, city administrators,policy makers, etc who are interested in the subject area of housing and urbanization.