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Chicago tenants in Chaney Braggs Apartments resist displacement amid foreclosure and potential rent hikes, seeking protection under affordability agreements.
Residents of Chicago’s Chaney Braggs Apartments, near the upcoming Obama Presidential Center, are resisting displacement after a foreclosure and potential sale to a California buyer.
Many have lived there for decades, paying $700–$800 monthly, but fear a projected rent increase to $1,400.
A court-appointed receiver is managing the building, which remains on Chicago’s “scofflaw” list due to code violations.
Tenants formed a union and demand protections, citing the building’s original mission as affordable housing.
The Illinois Housing Development Authority has a regulatory agreement in place through 2032 to preserve affordability, with ongoing efforts to secure long-term stability.
Los inquilinos de Chicago en Chaney Braggs Apartments resisten el desplazamiento en medio de la ejecución hipotecaria y posibles aumentos de alquiler, buscando protección bajo acuerdos de asequibilidad.