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Introduction:
Prior to
1966 the Cooperative Housing Finance was implemented by the Government of
Andhra Pradesh out of its budgetary provisions. Due to stoppage of
budgetary support by the Government to Housing Cooperatives, all the Primary
Coop. Housing Societies in the State have come together and organised an Apex
organisation namely A.P. Cooperative Housing Societies Federation Limited,
Hyderabad to borrow loans from Financing Agencies and disburse the same
to the members of the Primary Coop. Housing Societies. Thus, the
A.P.Housefed was registered as an Apex Co-operative Federation under the
A.P.C.S. Act, 7 of 1964 (T.A.337) on 13.12.1966 and started functioning since
1968. Its area of operation is the entire State of Andhra Pradesh.
As on today it has got 1438 Primary Societies as Members, of which 820 are
borrowing members. The Head Office and the Hyderabad Regional Office are
functioning in its own Building situated at Baghlingampally, Hyderabad and the
other (2) Regional Offices are located in rented buildings at Kadapa and
Vijayawada.
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