CHICAGO - The yet-to-be constructed Obama Center in Chicago is already having an effect on property values and the rent being charged nearby residents.
Former President Barack Obama plans to build the $500 million center in Jackson Park on the South Side.
Janet Smith of the University of Illinois-Chicago says the study found ``clear evidence'' in the Woodlawn and South Shore neighborhoods of rising rents in newly renovated and new construction units that most current low income, black residents can't afford .
The alderman representing the area said Thursday an ordinance protecting affordable housing is needed.
Obama has in the past come out against a community benefits agreement that would set aside 30 percent of new housing as affordable within two miles of the presidential center site. Chicago Mayor Lori Lightfoot has been noncommittal about a proposed ordinance codifying such an agreement.