<p>NJBama is correct. The university owns the land, and the GLO (Greek Letter Organization) pays to build the house. Right now UA is lending money for all the building and remodeling that is going on. Not long ago, a GLO would have to find a bank willing to lend them the money to build. Alumnae can help, but the tales of one alum coming in and paying for everything are greatly exaggerated. Thanks to UA’s low-interest loans, these are golden times for the Greek system.</p>