Housing cooperatives at the primary level can broadly be classified into four groups as detailed below:
(a) Tenant Ownership Housing Societies: Under this category the land is held either on leasehold or freehold basis by societies, and houses are owned by members.
(b) Tenant Co-Partnership Housing Societies: These housing societies hold both land and building, either on leasehold or freehold basis and allot flats to their members.
(c) House Mortgage Societies: Such societies lend money to their members for construction of houses. The members have to make their own arrangements for building their houses. This type of societies are really credit societies as distinguished from other credit societies as per the objects for which they lend, the duration of the loan and the security they demand.
(d) House Construction or House Building Societies: Societies of this type spend money on behalf of the members for building the houses, and the houses are handed over to members when ready and the money spent is recovered as loan.