The Sigma Phi Epsilon fraternity at Virginia Tech (VT) has been disbanded and their $5 million frat house will be vacated, the Roanoke Times reported.

The VT chapter had been in trouble with the university before for an "ongoing history of alcohol and hazing violations, university spokesman Mark Owczarski said.

"We're dealing with the well being of students, and that's paramount," he said, adding that those violations and other issues were not addressed by the members of the fraternity.

Owczarski said the allegations leading to the termination of the frat were "very serious," but he would not comment on any details. He called them privacy concerns.

The SigEp executive director Brian Warren, based in Richmond, confirmed the VT chapter had been closed, but also did not disclose details.

"For the past two years, fraternity staff members and local volunteers have been working to effect change, with little response from undergraduate members," Warren said in a statement.

According to a letter signed by fraternity officials and alumni, they are now planning to re-establish the fraternity at VT.

"In the immediate future, we will being to prepare for the chapter's return to campus and strengthen our network of alumni support," the letter said. "We must ensure our investment in the chapter house is protected for future brothers by completing our capital fundraising campaign and honoring the financial commitments we have made to Virginia Tech."

The fraternity spent two million dollars on the frat house and VT put up the remaining three for construction. Now the school owns the house, leaving it's the 35 residents to find another living situation for next semester. The members of the frat are not banned from on-campus housing.

SigEp could go through the necessary procedures to get the chapter back on the VT campus, but it could take up to two years to do so.