Far South Community Development Corporation in Chicago, IL
Chicago-based nonprofit CDC offering free housing counseling, business support, and community development services to low-to-moderate income residents in South Side neighborhoods.
Data compiled from public sources · Rating from CreditDoc methodology
Far South Community Development Corporation Review
Far South Community Development Corporation is a nonprofit community development organization based in Chicago's South Side, operating at 853 West 115th Street. The organization focuses on serving low-to-moderate income communities through a range of housing, business, and community development initiatives. Their mission centers on improving quality of life for residents and businesses in underserved South Side neighborhoods, including areas like Roseland and Morgan Park.
The organization provides multiple free and low-cost services including HUD-approved housing counseling, homebuyer education, foreclosure prevention assistance, business counseling and support, and community planning services. They also facilitate access to funding through their marketplace platform and community grants programs. Their residential support services specifically address renters, homebuyers, and homeowners, while business support includes assistance with funding and marketplace networking opportunities.
Far South CDC distinguishes itself through active real estate development projects (including the Roseland Medical District and Morgan Park multifamily housing initiatives), community event programming (housing fairs, festivals, food truck events), and partnership-based service delivery with organizations like UCAN Chicago. They publish annual reports and maintain transparent governance through a board of directors. The organization has raised over $0 million in funding for planning and development projects according to their website impact metrics.
The website displays some incomplete impact metrics (statistics showing "0+" or "0 million+"), which suggests either ongoing data updates or measurement gaps. While the organization clearly operates substantial programs, potential clients should verify current service capacity and availability directly through their contact information before seeking assistance.
Services & Features
Feature Checklist
Pros & Cons
Pros
- HUD-approved housing counseling services available for renters, homebuyers, and homeowners
- Free foreclosure prevention assistance and homebuyer education programs
- Nonprofit structure ensures no predatory lending or for-profit incentives
- Active real estate development creating affordable housing (multifamily projects in Morgan Park and at 115th & Michigan)
- Business support services with marketplace platform for entrepreneurs
- Community partnership approach with established local organizations
- Annual housing fair events (next scheduled April 18, 2026) with free resources
Cons
- Website impact metrics incomplete or not updated (shows "0+" for key statistics like businesses assisted and homeowners created)
- Limited geographic service area (appears focused on Chicago South Side only)
- Website content suggests outdated information in places (2025 fundraiser mentioned as past event)
Rating Breakdown
Frequently Asked Questions
Is Far South Community Development Corporation legitimate?
Yes. Far South Community Development Corporation is a registered company, headquartered in Chicago, IL.
How long does Far South Community Development Corporation take to show results?
Counseling available within 1-2 weeks of contact.
Quick Facts
- Headquarters
- Chicago, IL
- BBB Accredited
- No
- Certifications
- HUD-Approved
- Starting Price
- Free to Use
- Setup Fee
- None
- Free Consultation
- Yes
- Money-Back Guarantee
- No
CreditDoc Diagnosis
Doctor's Verdict on Far South Community Development Corporation
Best for Chicago South Side residents and small business owners in low-to-moderate income areas seeking free, nonprofit housing counseling, homebuyer education, or foreclosure assistance. Primary caveat: service area appears limited to Chicago's South Side neighborhoods, and website metrics suggest you should verify current service capacity and availability by contacting them directly.
Best For
- Chicago South Side renters and homebuyers seeking HUD-approved housing counseling
- Homeowners facing foreclosure in Roseland, Morgan Park, and adjacent neighborhoods
- Small business owners in low-to-moderate income communities seeking business support and funding access
More Free Help
United Way Center for Financial Stability
U-Snap-Bac
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