“How do we get a house?”
“How do we get a house?” -Developing a House Acquisition Business Plan- 1. Objectives What is the reason for providing a chapter facility? Before beginning the process, ask yourself two questions: Is chapter housing a necessity on my campus and is chapter housing a feasible option at this time. Once you determine the answers to those questions, there are some guidelines and specific courses of action to follow. 2. Save Money Even without a house, there should be an assessment for a chapter housing fund. Even a small assessment of $50.00 per man per term can grow significantly over time. As a general rule, you should have at 20%-30% of the project cost, in cash, before conducting a review of other financing options. If you have not begun to save money, then you are encouraged to stop at this step before moving on. You can certainly move through the other steps in this process, but without cash, you may be wasting your time. 3. Form House Corporation The House Corporation, a n...