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Friday, September 25, 2009

Rent a big burden for half of Chicago renters

More than half of Chicago's renters are paying more than a third of their income for housing, according to a new report from the Chicago-based Metropolitan Tenants Organization.

Fifty-three percent of renters fell into this so-called "rent-burdened" category in 2007, up from 40 percent in 2000, the report showed. The percentage of renters who pay 50 percent or more of their income for rent grew from 21 percent to nearly 30 percent.

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