Financing

SigEp National Housing offers local AVCs and undergraduate chapters multiple financial resources. Through its investment, saving and lending vehicles, SENH provides financial support for housing initiatives nationwide.  Low-interest loans are available for chapters working to acquire, construct or renovate.  Savings and investment funds - the Chapter Investment Fund and the Equity Management Fund - provide chapters a means of preparing for the financial demands associated with real estate.

Lending Program

In today’s real estate market, AVCs face significant challenges in securing a loan for a fraternity house. SigEp National Housing can provide a means of borrowing money at competitive market rates.  AVCs apply for loans by completing the SENH loan application. The Managing Director reviews applications and makes a recommendation to the SENH Board of Directors. Once the loan has been approved, funding is expedited.

Chapter Investment Fund

The Chapter Investment Fund (“CIF”) was established in 1959 to provide a means of building the capital necessary to support the future housing needs of SigEp chapters.  The CIF is used for long-term capital improvements and maintenance. Each undergraduate chapter has a CIF account and is required, in accordance with the Grand Chapter Bylaws, to deposit into the chapter’s fund annually, an amount equal to $20 per member.  Since the first deposits were received in 1960, the value of the fund has grown to more than $10 million. 

Each chapter, through its AVC, receives a quarterly report of earnings and the current value of its deposits based on the market.  Chapters may request funds through the CIF Withdrawal Request, which details the project scope and repayment schedule. Upon approval from the Managing Director, funds are made available for disbursement.  

Equity Management Fund

SigEp National Housing created the Equity Management Fund (“EMF”) in 1979 to allow AVCs a means of depositing surplus dollars in a fund with favorable rates that also support the Fraternity’s housing initiatives. The EMF provides AVCs a safe way to invest their savings, because SENH pays interest on all deposits at a rate equal to ½ percent below the United States Treasury 10-year note, adjusted on the first day of January, April, July and October and applied to the date of withdrawal.

For all balance inquiries, please contact Melia Hoyle, SigEp National Housing’s accountant.