Friday, September 14, 2007

Greeks use loans to fire-proof houses

USC is offering interest-free loans for the privately owned houses to upgrade fire safety equipment.
The university is offering zero-interest loans to Greek organizations as an incentive to upgrade fire safety equipment in their houses.

Most of the USC-owned Greek residential buildings have been updated with fire safety systems through a program the university began 10 years ago, but renovations to privately owned Greek houses were not covered. Though the university does not normally take on the role of a lending institution, officials said fire safety is an important enough issue to justify making the loans.
Interfraternity Council Vice President of Public Relations John Legittino said Phi Delta Theta, Sigma Phi Epsilon and Theta Xi fraternities are also considering applying for the loan.

"A lot of fraternities don't have resources to do this," Legittino said. "No interest financing is the best way to go."

USC officials said it was especially important that fraternities act upon USC's loan offer for the upgrades. Fire-related deaths in fraternity houses are more common than fire-related deaths anywhere else on campuses across the nation, Regensburger said.

"We've never had a fire fatality, and we would like to keep it that way," Regensburger said.
Greeks use loans to fire-proof houses - News
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