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Housing nonprofit eyeing Obama Center deals to blunt gentrification

June 14, 2022


The Real Deal story

A Chicago nonprofit is buying residential properties near the Obama Presidential Center in the hopes of keeping rents in check for longtime residents.

Preservation of Affordable Housing is “open to opportunities to buy more apartment buildings for the purpose of keeping them affordable,” the group’s Bill Eager told the Chicago Business Journal at an event for two buildings the organization bought in 2019.

Continued here.