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I agree that this will vary greatly depending on the situation, size of the house, whether a mortgage is paid off, etc. Our Chi chapter house at Michigan State was purchased by our IHQ from the House Association and we will hang on to it until we can recolonize. Our Alpha chapter house (Syracuse) is still owned by an AGD group. I know that Chi is being rented out to another sorority but I don't know about Alpha. I think it is decided on a case by case basis.
Dee
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