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My understanding is that when the sororities presented and/or received their info package on NPC expansion at UK, they were made aware that there would not be university housing available at the time of their colonization. However, UK - if asked - would help in securing temporary housing - i.e. floor on a dorm if possible - while the chapter searched for housing.
Having said that, UK has land available for lease by the sororities and fraternities which they may build on it if they want. In some cases, there might already be a physical structure on the land. As such, the house would either be torn down and a new house built. Or the current structure would be expanded / upgraded as necessary. Also, UK is willing to work with each chapter’s housing corporation in building new houses by making the land available at a very low rate, use of university contracts to help keep overall costs down, and work with the City of Lexington on zoning issues etc.
Again, all of this was part of the presentation/info package. So Phi Mu - and Alpha Phi before them - knew this.
All of this to say that the basic idea is that if there wasn't any house available, then any newly built or refurbished house should at least be comparable (i.e. similar in size and amenities) to current NPC chapter houses. How and what each chapter decides to do is up to their housing corporation.
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