Here are some common understandings:
- The response to the coronavirus pandemic by government and organizational leaders may result in additional or stricter housing policies
- Colleges and Universities benefit when students live on campus – for revenue and satisfaction
- Fraternity houses can be gross and unsafe
We know that the future of everything seems uncertain. Still, colleges expect students to live on campus.
Collegiate Housing & Infrastructure Act
We are at an interesting moment in time. Fraternity housing can be seen as a more crucial student housing alternative. Not only that, they can serve as a competitor to reduce housing costs for students in general. There is only one thing getting in the way: tax laws.
Presently, you can donate money to a college for student housing and deduct that donation when you file your taxes. Donations to other charitable or educational nonprofits (like, fraternities, for example) are not fully tax-deductible. We should all give from the kindness of our hearts, but why not get rid of some impediments for safer, additional student housing.
Luckily for us, the Collegiate Housing & Infrastructure Act (CHIA) would fix our ridiculous tax reality. Coming in at just one sentence of text
Amends the Internal Revenue Code to allow tax-exempt charitable or educational organizations to make collegiate housing and infrastructure improvement grants to certain tax-exempt social clubs (e.g., college fraternities and sororities) which apply such grants to their collegiate housing property.Congress.gov
Now, fraternity lobbyists claimed that CHIA could result in $1 billion worth of renovations across the United States. It could impact the housing of as many as 370,000 college students. (And traditionally highly involved college students, at that)
That was all pre-COVID-19. There is a chance that more significant changes may need to be made, and we shouldn’t discourage growth and investment at this time. Fraternity and sorority houses serve not only for student-housing, but as meeting and event spaces.
It is simple, well-written legislation which does not burden any person or group. Help me stan it. Send this post to the President of the United St… just kidding. But it can’t hurt to call a legislator.