SAE Financial and Housing Corporation (or F&H), provides housing for college students.  As composed by the F&H board in 2010, the “vision” of F&H is “to provide a home to every willing chapter.”  Towards accomplishing this vision, the F&H board also drafted the following Mission Statement.

The Mission of SAE Financial and Housing Corporation shall be to:

Ø  Build strong chapters through great housing;

Ø  Promote safe, competitive and affordable fraternity housing through property management resources and services;

Ø  Support local house corporations to become financially sound and its volunteers well trained; and

Ø  Through strategic investments, grow the Fraternity Endowment Fund and provide financial support to Sigma Alpha Epsilon Fraternity.

The F&H Mission is accomplished by working with chapters, alumni and house corporations in four distinct, but complementary, offering areas: Housing Development, Housing Management, Housing Loans and Housing Services.  These offerings are described below.

Under the Housing Development offering, F&H makes an investment in an existing or future fraternity house which is to be occupied by an SAE chapter.  Typically, alumni and the undergraduate chapter members present potential opportunities to the F&H board, which then evaluates the acquisition using multiple underwriting criteria.  The decision to add a fraternity house into investment portfolio is heavily weighted on such factors as the chapter’s health and past growth, alumni support of the endeavor (including fundraising), the ability of the property to create a positive cash flow over sustained periods and, more generally, a demonstrated need for F&H assistance with the project.  Once the F&H board, the chapter and its alumni agree to move forward, the existing fraternity house (or land for a new house) is acquired by F&H.  Thereafter, F&H renovates the existing chapter house or builds a new fraternity house in accordance with the modern dormitory standards required of all F&H owned properties.  Among other requirements, these standards include a student housing design that appeals to today’s members, the installation of current life-safety equipment and efficient mechanicals (including air conditioning), reliable internet access in each bedroom as well as WiFi throughout the property and, typically, a meal plan provided by a professional cook in a fully functional kitchen.  As of 2012, F&H owns and has in development 9 fraternity houses, with a stated goal of growing its portfolio by an average of one each year.

Housing Management is another core offering.  F&H provides property management services through its subsidiary, Greek Housing Management, LLC.  This property management program is implemented at all F&H owned properties and is also available to all SAE house corporations who independently own their properties.  Greek Housing Management advances the best practices for operating and managing fraternity houses based on the collective experience of the Fraternity, the F&H board and its staff.  The cornerstone of the program is a web-based leasing, financial and facilities management system adapted from the multifamily industry.  To ensure the success of each of its managed houses, Greek Housing Management requires its undergraduate chapters to employ a live-in house director (or “house mother”) who assists with the daily operations of the facility in accordance with the program’s requirements.  The annual fee for Greek Housing Management is based upon the number of chapter members, the number of residents and other financial metrics that impact the program’s cost.