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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 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
Google is teaming up with Rice University to create a Houston-area startup accelerator, the Houston Chronicle reports. The accelerator will focus on the "Internet of Things," with a particular...more
"We want homes that last longer than eight to 10 years," says Avra van der Zee, COO of Hawaii-based nonprofit Elemental Excelerator, which has teamed up with New Orleans' Finance New Orleans to...more
When Jude Chinedu heard Chisimdi Okoh talk about how he wanted to change the world, he thought it would be a good idea to do something about it. And so he founded the Power of One Initiative, a...more
Foundation: Boston Foundation, Cambridge Community Foundation
Geeta Pradhan is the president of the Cambridge Community Foundation in Massachusetts, and in 2024 she'll become the state's outstanding woman of the year. That's thanks to her work to fight...more
"We are seeing positive, tangible outcomes for grant recipients working to boost their capacity and impact for programs and services that are vital to those in need." Those are the words of the...more
"Small businesses are the heart of our communities, and when we invest in their success, we're investing in a stronger economy and quality of life, benefiting people across the region." So says...more
Foundation: Lilly Endowment
An Indiana community foundation is getting a big boost from the Lilly Endowment thanks to a hefty donation from Eli Lilly and Co., the Indianapolis Star reports. The Community Foundation of Noble...more
Foundation: Cleveland Foundation, George Gund Foundation
If you're in Cleveland and can't afford to live near the Cleveland Clinic, you may want to consider moving to Aura at Innovation Square, a new $26 million apartment complex that's set to open in...more
Community Building News from...
Wells Fargo Foundation
New Hampshire Charitable Foundation
Community Foundation of Southeast Kansas
Dallas Foundation
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Greater Washington Community Foundation
Rhode Island Foundation
Community Foundation for Greater Atlanta
California Community Foundation
Arizona Community Foundation
Social Entrepreneurship
Spotlight
This Social Innovation Helps Prevent Bed Sores in Wheelchair Users
Co-founders William Mann and David Mravyan devised the Sensimat during a mandatory project for their MBA at the Richard Ivey School of Business in Canada. Sensimat is a device that helps manage and assess pressure among wheelchair users.
