The analysis that proves that housing funding creates jobs was performed well before today’s tough economic times, when it became politically fashionable to be job creating. The initial White Paper detailing the Economic Impact of housing funding, including job creation, was written in March 2007, when the housing boom and the economy were still in full swing—and job creation was not the claim du jour. Why is Housing Funding Such an Effective Job Creator? The state’s housing programs are well designed and bring private sector loans and equity to the table. The State of Florida is not footing the entire tab—in fact the state’s share of the housing produced or sold is less than one fourth of the cost. Like any economic activity, there is a multiplier effect where the total economic impact of an activity is greater than the basic cost of the activity. For new construction and rehabilitation in Florida, the multiplier is approximately near to two.