[33girl]

Um, this sounds like the alumni housing corp is merely tossing them out of the house and plans to recolonize/revitalize as soon as possible. The charter itself is still there - the house does not the chapter make. The alums can't keep up the house as a fraternity house if no one wants to live in it. Something similar happened to a fraternity at Clarion and the chapter itself was never closed for any amount of time.

so, I would say this is far from the "end" of the chapter.