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Light Be, a Hong Kong for-profit company that aims to achieve social outcomes, connects needy applicants with discount rentals, but terms of arrangement clash with B.C. law.
Social entrepreneur Ricky Yu is considering expanding to B.C.'s Lower Mainland, and has already reached out to some individual property owners in B.C. According to Yu, he's interested in introducing his program to other big cities especially Vancouver, because there's a high proportion of Chinese that makes me feel easier.
Yu is a multinational company executive turned CEO of Light Be. The social enterprise makes its money by taking a variable percentage of the rent paid to landlords, and is sponsored by two charitable foundations affiliated with prominent real estate developers in Hong Kong.
Yu points out that some Canadians living in B.C. are already part of the network of landlords who lease their vacant Hong Kong apartments with Light Be. Light Be requires tenants to move out after three years.
B.C. Ministry of Municipal Affairs and Housing in a statement to CBC News said that landlords could not include a maximum length for tenure as fixed-term leases are no longer allowed in B.C.
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
If you're in Nashville and want to help fight climate change, there's a program you can sign up for for free. The Climate Innovation Accelerator is a 10-week program from Vanderbilt University's...more
"Education, a fundamental right, is a powerful catalyst for development worldwide." That's what Kenyan social entrepreneur Mumbe Mwangangi has to say about her new startup, Nyansapo AI, which...more
"The future of our nation hinges upon its young,educated, and socially conscious demographic," State Bank of India CEOjay Prakash says in a press release. Prakash is referring to the roughly 1...more
The director of the Flanders Architecture Institute in Belgium has been named an honorary fellow of the Royal Institute of British Architects, the Guardian reports. Sofie De Caigny, who took over...more
If you're an expert in geographic information system (GIS) technology, you may want to consider attending the annual Esri User Conference in San Diego next month. The event, which runs from July...more
"I was working in corporate America for one of the world's largest retail companies, and it was challenging and wonderful in many ways. But I was finding my truest fulfillment on Saturday...more
Foundation: Whitefish Community Foundation
"Through our collective efforts, we're not just providing financial support, but we're investing in Montana's vitality and resilience." That from Mike Smith, president of Glacier Bank, which...more
If you're looking for a way to boost your community's sense of place, researchers at Gustavson University in Sweden have just the thing. They've developed a set of five principles that community...more
Seri Roth is an entrepreneur "with a passion for empowering communities and fostering positive change," according to her website. She's just launched Boston Queers, an online directory and...more
The new president of the International Storytelling Center in Jonesborough, Tenn., says he'll bring a "keen appreciation for the arts and Appalachian history" to the job, the Knoxville News Sentinel...more
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Social Entrepreneurship
Spotlight
Calgary Social Enterprise Offers High-Tech Services by People with Autism
Meticulon, a project of Autism Calgary Association in partnership with the federal government and the Sinneave Family Foundation, operates as a social enterprise that renders high-tech services provided by people with autism, leveraging their natural abilities at requiring attention to detail, repetition, and sequencing.
