SEBCO 6

Business Services > General Business Services

Thirteen organizations, among them churches, business institutions and local civic associations, banded together in an effort to redevelop one of the worst neighborhoods in the United States. Assisted by the “Model Cities Program”, SEBCO worked with urban planners and elected officials to develop schools, recreational facilities and to redevelop the local infrastructure, as a prelude to the redevelopment of the neighborhood’s housing stock. By 1974, only five of the original thirteen organizations remained active, and the future of the South East Bronx was uncertain.

However, in 1975, the future of SEBCO and the Hunts Point community began to change for the better. After lengthy negotiations, the United States Department of Housing and Urban Development (HUD) approved SEBCO’s first subsidized rehabilitation project known as SEBCO I and II for 360 apartments in 9 buildings. Then in 1977, HUD approved the next project known as SEBCO III, for an additional 200 housing units, and by late 1978, many more proposals for HUD Section 8 projects were approved. These projects included SEBCO VI (100 units), Maria Estela Houses I (236 units as SEBCO’s first new construction project), and Aldus III (173 units).
SEBCO, with a staff of three opened its own office in the SEBCO I Houses in January of 1978 which led to the hiring of additional staff members to assist in tenanting, community organizing, management, maintenance and housing development.

Then in April of 1978, SEBCO was formally incorporated under the laws of the State of New York for not-for-profit organizations as SEBCO Development Inc. and as they say, the rest is history!. The organization, growing rapidly, and in anticipation of a need for its own management, maintenance and security systems, began investigating a series of alternatives. By the spring of 1980, SEBCO Management (now known as Building Management Associates) became a reality, and soon thereafter SEBCO Security (now known as Sentry Security) followed. Both subsidiaries became profit making organizations, and have had significant impact on the continuing development of the neighborhood in terms of providing employment as well as the future sustenance of SEBCO Development Inc., (the nonprofit organization).

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