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The Canonsburg Corporation
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The Canonsburg Corporation is a board of Phi Kappa Psi members that recognize that the future stability and strength of our Fraternity will depend on the maintenance and safety of our chapter properties. Considered the "national housing corporation," it serves as the ultimate resource for our local corporations in terms of housing assistance.

The Canonsburg Corporation can provide loans to local groups in a variety of housing areas:
  • Life Safety Loans - sprinklers, fire-prevention systems, fire doors, extinguishers, etc.
  • Property Improvement Loans - renovation projects, updates, etc.
  • Second Mortgage Loans - house refinancing loans or support in purchasing a property and acquiring credit
  • Line of Credit Loans - bridge money to complete campaigns or start a project
  • Communication Program Loans - seed money to start an alumni communication program
The Canonsburg Corporation is funded, in part, by an undergraduate assessment of members. Those undergraduate members that currently are housed and paying into the Fraternity's national property insurance program are assessed an annual fee. With that fee comes benefits for the local corporation, including multiple discounts to a variety of housing vendors. You can access a list of benefits by logging on to Phi Psi Connect.

Currently, the Canonsburg Corporation has provided financial assistance to the following groups:

Illinois Delta - University of Illinois (Champaign)
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A loan from Canonsburg allowed for the installation of a new sprinkler system, fulfilling a requirement mandated by the university in this 106-year-old property.

Ohio Nu - Ohio University
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A brand new chapter at the time of the loan, Canonsburg provided the money needed for up-front costs and setup of an abandoned fraternity house the chapter was renting.

Washington Alpha - University of Washington
In the process of raising millions for a capital campaign, a Canonsburg loan allowed for the house corporation to begin work early, creating a better environment for the undergraduates.
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