IL South Shore CDC contractor bonds.
0.5% of the bond amount.
The South Shore Community Development Corporation — the Chicago nonprofit behind redevelopment, small-business, and property-improvement work in the South Shore neighborhood — registers the contractors it assigns or refers into that work. Before a contractor is added to its approved list, the CDC conditions registration on a surety bond guaranteeing the work is performed as agreed. Premiums cost 0.5% of the bond amount, $100 minimum; the application collects no credit information, and most applications approve instantly. Enter the amount named in your registration paperwork and your exact price appears at the application.
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Apply to filed in one sitting.
This is a registration filing with the CDC, not a government licensing queue — it moves at the speed of your paperwork. Here is the whole thing:
Apply online
Your business details, the type of contractor work you do, the bond amount your registration requires, and an effective date. No financials, no credit section.
Pay & e-sign
Contractor bonds like this are among the thousands of bond types that issue right after purchase. The application collects no credit information, and most applications approve instantly.
Send it to South Shore CDC
Your executed bond and power of attorney arrive by email, ready to submit with the rest of your contractor registration packet. Wet-ink original mailed on request.
What it is and who needs it.
What the South Shore CDC contractor bond actually guarantees
The South Shore Community Development Corporation is a Chicago nonprofit working to redevelop vacant lots and underused property, expand access to quality housing, and build local wealth in the South Shore community area. Delivering on that mission means assigning or referring outside contractors into repair, rehabilitation, and small-business improvement work, on behalf of the CDC and the residents and property owners it serves.
The bond backs the CDC’s ability to register only contractors who will actually finish the job they take on. The principal is your contracting business, the surety is the carrier, and the obligee is South Shore Community Development Corporation — not a city or state agency. If a registered contractor fails to complete assigned work as agreed, the CDC can make a claim on the bond, and the affected project or property owner is protected.
It is not insurance for you. A surety bond is a credit instrument: if the carrier pays a claim, you reimburse the carrier. Because no published Illinois statute names this specific bond, the amount and terms come directly from South Shore CDC’s own registration paperwork — confirm the figure with the CDC before you apply, and we price it from a $100 minimum with no credit section in the application.
You need this bond if you are
One application, issued instantly.
These are the actual issuing fields, including the type of contractor work you do — no credit section, because this application does not collect credit information.
Start the application →Common questions.
Other Illinois bonds.
Get registered and take the assignment.
From $100, no credit section, bond issued the moment you pay. Enter the amount South Shore CDC set. Free until issued.