Apparently their national closed them down for alcohol-related hazing, and so D has derecognized them, which means their members can’t continue t live there.
SAE is reputed to be the house with the strongest connections on Wall Street. And of course, they were the subject of the infamous Rolling Stone article a few years ago.
What will happen to their gorgeous house in a prominent position on campus? Apparently they are allowed to apply to start up again in 5 years. I seem to recall that Zeta rented their house out to a sorority during their exile.
A friend’s son was living in an MIT house that was summarily closed for underage drinking offenses, and everyone had a few weeks to find another place to live and move out. Not pretty, especially since MIT had a chronic shortage of dorm space.