Hong Kong Social Entrepreneur Pitches Rental Affordability Solution for Vancouver


credit: aboutmyarea UK

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. Read the Entire Article


Selected Grant News Headlines

A customized collection of grant news from foundations and the federal government from around the Web.

A Transformative Gift to Drive Racial & Economic Justice

Philanthropist MacKenzie Scott is donating an extraordinary $40 million unrestricted grant to LISC. It is the largest gift from an individual in LISC’s 40-year history—one that not only speaks...more

Giving Away Silicon Valley’s Billions
Foundation: Silicon Valley Community Foundation

Stanford Magazine highlights Nicole Taylor, president and CEO of Silicon Valley Community Foundation (SVCF), who plans to put the 'community' back in 'community foundation.' As SVCF's new...more

Online Course -Voices of Social Change
Foundation: International Youth Foundation

Coursera announces its Voices of Social Change, a free online short course co-designed and delivered by eight young social entrepreneurs. Voices of Social Change, powered by Laureate...more

A Pioneering Mangrove Conservation Project in Madagascar

Madagascar communities launched the world's largest mangrove carbon conservation project, sequestering a huge amount of carbon and securing an ecosystem vital to fishery health. In partnership...more

Community-Based Learning Gets Official Designation

The University of Wisconsin-Whitewater campus will have a new letter designation coming in the fall about what courses are community-based and what they entail. According to Kate Ksobiech, an...more

Tulane University Partners with Venture for America to Create Inner-City Jobs

Tulane University's Albert Lepage Center for Entrepreneurship and Innovation will partner with Venture for America (VFA) to host 2020 VFA Fellows along with leaders from university entrepreneurship...more

Warren Buffett's Grandson on the Art of Opportunity Zone Social Impact Investing

Howard W. Buffett, the grandson of legendary investor and billionaire Warren Buffett, is getting into Opportunity Zones. Buffett is launching a software tool that measures an Opportunity Zone...more

Social Entrepreneurs Needed to Address Present-Day Inequities and Gaps in India

Ravi Sreedharan, Founder-Director, and Lopamudra Sanyal, Research Fellow at the Indian School of Development Management (ISDM), tackle the work and innovations by social entrepreneurs that continue...more

The LISC Rural Promise

LISC is launching the LISC Rural Promise, a commitment to elevate the organization's impact in rural America. The Rural Promise will build on 25 years of LISC's investment in and partnership-building...more

Reimagining Black Wealth: Asking 400 Year Old Questions

Living Cities staff JaNay Queen Nazaire, Chief Strategy Officer, and Demetric Duckett, Managing Director, write how Living Cities is "not only doubling-down on the use of capital as a driving...more







Social Entrepreneurship
Spotlight



Effective Partnerships Promote Social Innovation


Philanthropic organizations and housing associations could scale their impact and further their social missions by supporting social innovation of other individuals and groups.




Social Services Jobs in Louisiana

  Foundation Related Jobs
  Fundraising & Development Jobs
  Program Director Jobs
  Education Jobs
  Executive Director Jobs


Federal Government Grant and Assistance Programs


Mentoring Children of Prisoners | State Tribal Education Partnership (STEP) | Transition to Teaching | Career and Technical Education- National Programs | ACA Nationwide Program for National and State Background Checks for Direct Patient Access Employees | Specialty Crop Block Grant Program | Technical Assistance for Specialty Crops Program | School Improvement Grants, Recovery Act | | Site Style by YAML | Grants.gov | Grants | Grants News | Sitemap | Privacy Policy

Edited by: Michael Saunders

© 2008-2020 Copyright Michael Saunders