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New houses are not the answer to problems
So often a new chapter house is seen as the way to solve problems; in actuality, it may be, as the article points out, the way to even greater problems.
A house is a fifty year investment. Does a chapter have a solid, long term track record of success? Sorry guys, but three years of not being on probation doesn't cut it here. Solid growth? Solid grades? Solid programming? Culture of excellence? That is what has to be shown. Ability to service the debt is a major factor and these points suggest whether or not a chapter will be able to fill the house and pay the bills.
The long term prognosis, as evaluated on a strict, business basis, is the criteria for determining if a house is appopriate.
If this is the chapter's first venture into housing, then a leased property is probably the answer. Have the Housing Corporation (yes, you must have one for a lease) find a property and sign the lease and see if it works for three or four years. This builds expertise in operating a large structure. If this test is successful then acquisition of a permanent home may be a reasonable alternative.
Flame-proof BVDs now donned
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