Light Be

Organisation
Light Be (Social Realty) Company Limited, Light Be (Sham Tseng Social Housing) Company Limited, Light Be (Tin Shui Wai Social Housing) Company Limited, Light Be (Yau Tong Social Housing) Company Limited
Funding Sources
  • Funded by mother organization

Housing organization fostering upward mobility

Light Be is a pioneering housing organization founded by Ricky Yu in 2010, with a strong focus on empowering individuals striving for self-reliance and specializing in the development of housing projects customized to fulfill their unique mission. The organization primarily targets short-term impoverished households, with a particular emphasis on supporting youth and families with children.

To effectively accomplish its mission, Light Be operates as a non-profit social enterprise, benefiting from the invaluable support of private property owners, private foundations, and government policies. Recognizing the challenges faced by individuals caught in short-term impoverished situations, who often grapple with the difficult choice between self-reliance and dependence on government assistance, Light Be adopts a private-resources-for-public-good approach. By implementing this approach, Light Be empowers individuals and families transition from unstable or inadequate housing situations to having more proactive options in housing that align with their aspirations for upward mobility and achieve their full potential.

Products and Services

Upward Mobility Tenancy To meet the specific needs of these households, Light Be has developed a groundbreaking housing tool called the "Upward Mobility Tenancy." Program highlights: Three-Year Plan: The program operates within a three-year timeframe, allowing participants to progress and achieve their goals through several phrases over an appropriate period of time. Personalized Coaching: Each beneficiary is assigned a Manager who provide personalized coaching and guidance throughout the program. Key Performance Indicator (KPI): Beneficiaries are required to set specific KPIs tailored towards their upward mobility journey. These KPIs may include striving to earn more, save more, live in larger accommodations and other personalized metrics. Rental Affordability and Graduation: The program aims to improve the rental affordability for beneficiaries. They are encouraged to use private rental units as a viable option for their next housing goal, providing an alternative to public rental housing. Furthermore, some beneficiaries may even be inspired to pursue higher housing goals, such as purchasing Home Ownership Scheme (HOS) units as a significant milestone in their upward mobility journey.