The City of Chicago’s Department of Housing is considering a financing request for the rehabilitation of 345 housing units at 111 W Monroe St, of which 104 will be affordable. The applicant, 111 Monroe Affordable LP, is seeking City support to preserve and modernize these multifamily units under the ownership of 111 Monroe Residences, LLC. The project team includes Stantec as the architect and Applegate & Thorne-Thompson as legal counsel. This financing is intended to maintain the property’s affordability covenant and ensure long-term viability in the downtown Chicago market.