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It is possible that house corporation loans would be one use for the proceeds of sales of a house after a chapter has left. In some sororities, chapter houses are owned by their international fraternity. That is not how Pi Phi is organized. Houses are leased/ purchased by local chapter house corporations (each are legally incorporated in their home state/ province). The fraternity will loan $$ to a chapter house corporation either for the purchase of new property/ major remodeling or refurbishing. House corporaton loans are not just for new chapters or new houses either.
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