Residents form union over rent hike near Obama Presidential Center

CHICAGO - Tenants at Chaney Braggs Apartments, at 65th Street and Stony Island Avenue, held a rally Thursday morning, protesting possible rent increases and the threat of losing their homes as construction continues at the Obama Presidential Center a few blocks away. Residents say a California investor wants to buy the building and either gut and rehab it or demolish it. According to tenants, the buyer is offering a $2,000 cash payment for each family to move out. Most tenants currently pay $700 to $800 a month in rent, and many have lived in the building for 30 or even...