This document outlines a new approach called "CityCraft" for restoring the economic, environmental, and social health of cities. CityCraft is a holistic, long-term development model that respects social and ecological systems and embraces changing 21st century conditions. It focuses on restoring undervalued human, natural, physical, and financial capital in cities. Case studies show how applying CityCraft principles in areas like Noisette, South Carolina transformed distressed neighborhoods and improved quality of life. The vision is to establish more CityCraft centers across North America to rebuild local wealth and share knowledge.