FontForge

The urge to design typefaces is a universal one, not just the province of traditionally design oriented cultures. Some of the most interesting recent work is coming out of Latin America and Spain. The surge of interest in type design has led to increased demand for type design tools, many of which are relatively expensive.  Font Forge is free and quite capable, and supports all of the major font formats. The author of the program is continually improving and updating the source code.