The chancellor, Gordon Brown, has announced that 100,000 households will be helped into home ownership by 2010. The Homes for All scheme takes elements of existing low cost home ownership schemes to offer simpler, fairer assistance to those who want to buy a share of a new home built with public subsidy, or a share of a home that is for sale on the open market. The project will help 80,000 households own a home. A further 20,000 first time buyers will benefit from the introduction of private finance to fund equity loans. Brown said: “This Britain of ambition and aspiration is a Britain where more and more people must and will have the chance to own their own homes. With home ownership expanding into new areas and new groups, today I see Britain as one of the worlds greatest wealth owning democracies where the widely held chance for not just some but all to own assets marks out a new dimension in citizenship and makes Britain a beacon for the world. Assets for all enabling opportunity for all.”