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Poster Name:
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Poster Message:
No. Housing corporations don't hand out money for houses. The chapter has to get a loan to pay for the house, meaning a mortgage, and that's where the housing corporations help out, getting a loan from a bank. Before getting a loan the chapter needs to raise enough money to make a down payment, usually 20-30% of the cost, which comes from the sorority alumni, not from the national house corporation, and be able to show how they will pay back the mortgage from members' dues and fees. Before starting all that, the chapter has to have enough money to pay an architect to design the house and put the price tag on it. And even before that, all the sororities have to agree that they are going to build houses too. So, the chapters, the sorority alumni, the sorority nationals, and the school all have to agree that it's going to happen. If all these different groups can come together and agree, it will happen. It happens at other schools and can happen here. All it takes is some strong leadership and passion. The money isn't the obstacle, it's just the size of the project. Any BC majors out there?