According to Yahoo News, the University of Alabama in recent years has seen a big boom in their student enrollment. The increase in enrollment has led to massive expansion for student housing on the university’s premises. As the Greek social life becomes more popular, the demand for larger and improved Greek housing rises.
Over the past decade, the university has undergone $202 million in building construction for these Greek social groups, which in about 30 houses have been built. The construction has been said to be financed by using public debt to provide loans, which are in-return being paid by private groups.
As more and more students enroll into colleges and universities, the demand improving and providing student housing will stay on the rise.