A local arm of the congressionally chartered Neighborhood Reinvestment Corp. is opening a homeownership center today in Chicago. The nonprofit group said in a report that more than 53,000 renters there could qualify for low-down-payment mortgages.

The NeighborWorks Homeownership Center will provide a "full cycle" of services, said Bruce Gottschall, executive director for Neighborhood Housing Services of Chicago Inc., a group that trains families to become homeowners.

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