University Funded Greek Housing

[ZZ-kai-]

I am the Chapter Advisor and a House Corp. Board member for my chapter. We have taken some great strides in the past few years raising money for a new house. (We are a 7 year old chapter...so our house now only houses 6 men....we are shooting for a 15 man house).

However, many of you may know that getting a large bank loan requires at minimum 20% down, and then liquid assets in case of emergency....etc. So, we are talking quite a bit of money.

Has anyone out there in GC-Land dealt with Universities regarding University funded Greek Housing? I know that MTSU just recently went through that, and I think SDSU is right now.

I am going to be contacting the other Advisors/HC members of the Chapters at my school, to see if we can come up with a plan, and eventually present it to the University. We are fortunate that our University has a 'Twenty Year Plan", that I am hoping we can mold the Greek System into.

Please post your experiences, pros and cons, and what kind of rules/sanctions the University holds over the chapters.

Thanks!