`Low Cost Home Ownership' represents a package of policy measures which are part of government housing policy to extend home ownership. The package was outlined by the Department of the Environment in a publicity brochure entitled `A First Home' (1981) aimed at local authorities and housing associations. The different Low Cost Home Ownership measures have been pioneered and implemented at a local level as part of the government's wider strategy of privatising housing provision and consumption. This thesis is directly concerned with exploring the structure, substance and impact of Low Cost Home Ownership policy, in the context of Glasgow. The thesis is based on three levels of analysis, linked through a focus on policy and the role of the state at national and local levels. First, a preliminary level of analysis evaluates the success of Low Cost Home Owernship policy in its own terms. It is suggested, for example, that the term `low cost' home ownership is a misnomer in many cases. At a second level of analysis, the thesis examines the structure of policy, including the division between central and local levels of government, and the categorisation of policy as, for instance, housing or planning. A third level of analysis incorporates the substance of Low Cost Home Ownership policy. The underlying assumptions of the policy are analysed, particularly the tenure bias of Low Cost Home Ownership. Urban policy encompasses Low Cost Home Ownership policy measures in several cities, including Glasgow, and the thesis examines the functionalist objectives of population and socio economic stability in the city. In addition, Low Cost Home Ownership policy in Glasgow is aimed at widening tenure choice and meeting housing needs. An analysis of these policy objectives requires the conceptualisation of `choice' and `need' in housing policy and housing studies