Housefed started business on 24.09.1970. Formerly the name was “Kerala Apex Co-operative Housing Society Ltd.No.4330” and it was changed as per the order of the Registrar of Co-operative societies dated 24.03.1979. At present Government of Kerala and 205 primary housing co-operative societies are”A” class members of Housefed. Housefed is affiliated with the “National Co-operative Housing Federation of India,New Delhi.
Borrowing from Lic of India, National Housing Bank. Hudco,Debentures,Commercial Banks, and Share Capital Contribution from Goverment of Kerala and Share Collection from the member societies and Deposits from Co -operative societies.
Housefed provides housing loans to individuals through the affiliated housing Co -operative societies for a maximum period of 15 years.The Individual members should submit loan application to their primary housing co-operative Society.The loan sanction release and its repayments are in between the members and the society.Then the society remits the amount as per the demand of the Housefed.