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Ministerial foreword Thirty years ago, young people knew, if they worked hard, they would have the opportunity  to buy their own home. Today young people are working just as hard as their parents’  generation but are increasingly finding it difficult to get on the property ladder. Only 38% of  people under the age of 40 now own their home compared with 61% in the early 1990s. The Government is determined to change this and make home ownership more affordable  for a generation of people in their twenties and thirties. At the heart of our plans is the  commitment to build 200,000 quality starter homes by 2020 exclusively for young first time  buyers at a 20% discount on market value. We are introducing a comprehensive package of reforms and initiatives to meet this commitment, including £2.3 billion funding in the Spending Review to support up to 60,000  starter homes. As the Prime Minister announced in January, £1.2 billion of this funding is...