There is a large advantage to having a counselor living on campus. Other counselors live nearby, but in many instances our resident counselor was available in five minutes.
Housing gets no money from the university. We are completely self-sustaining. Our housing never closes. We have 12-month leases. Once the students move in, there is no time that they have to leave.
The CAPS center really tries to hire college-oriented counselors that aren't just about professional therapy, but someone who can listen and understand students.