<p>Feeno, The University doesn’t exactly build the houses. But they usually do provide low (sometimes no) interest loans to the different house corps for the building of such. The University also owns the land and leases it to the fraternities for a nominal (usually $1) fee. The loans are guaranteed by each fraternities house corp and they are paid back.</p>
<p>You never know what’s truth and what is fiction. But from what I understand the Deke’s were the only fraternity on campus that actually owned it’s own land. This is why they had bargaining power with The University when it came to moving them due to the north endzone expansion of Bryant Denny. They were able to get that great corner lot and were granted an exemption of how far the house could sit back from the road.</p>