Working Paper on Housing Finance. Housing finance continues to have very significant relevance on the micro and macro-economic health of the country. A well-functioning housing finance system offers incentives for households to save, provides investors with opportunities to gain stable, long term returns, creates large numbers of jobs for skilled and unskilled workers in construction and ancillary industries, enables home owners to leverage their physical assets into financial assets for investment, and contributes greatly to the deepening and broadening of the financial sector.