Society Pushes Ahead With Transitional Housing
"); jQuery("#212 h3").html("
"); });
2019-04-19 HKT 12:05
The chief executive of the Lok Sin Tong Benevolent Society, Lau Oi-sze, says the government's decision to streamline procedures and provide fee waivers for N-G-Os to build transitional housing is making a big difference.
The organisation plans to convert a primary school that it manages into 50 transitional housing units, after the school closes down in August.
On Thursday, the government said it had approved more measures to help social enterprises providing transitional housing, including exempting them from some payments they have to make to get a site or building from the Lands Department.
Groups which aim to provide these temporary homes for those awaiting public housing flats now don't have to pay fees to the department when applying for a temporary permit to use a government site or building.
They will also be exempt from paying fees for short term tenancies, rents and other associated costs.
Lau said this meant the time needed for the project has more than halved, and she's hoping tenants can move in as early as the first quarter of next year.
She said it had also meant that the Society's processes were faster and minimised administration costs.
Lawmaker Andrew Wan agreed that the new policy helps to ease NGOs' burden, but he added that the government ought to be leading the way in developing transitional housing.
He said the authority has to shoulder its responsibilities in seeking more suitable land, instead of fobbing the job off on non-governmental organisations.
HashKey Gets Regulatory Nod To Offer Virtual Asset Services In Ireland
HashKey Group has announced that its subsidiary, HashKey Europe Limited, has received Virtual Asset Service Provider (V... Read more
HKVAX And Victory Securities Forge Partnership To Advance Hong Kongs Virtual Asset Ecosystem
Hong Kong Virtual Asset Exchange (HKVAX), Hong Kong’s third virtual asset licensed trading platform and Victory Secur... Read more
5 Major Banks Mantain Domestic Systemically Important Authorised Institutions Status
The Hong Kong Monetary Authority (HKMA) concluded its annual review of Domestic Systemically Important Authorised Insti... Read more
HSBC, StanChart, Alibaba Cloud Among First Cohort Of HKMAs Gen AI Sandbox
The Hong Kong Monetary Authority (HKMA) and Cyberport have announced the first cohort of its Generative Artificial Inte... Read more
QuickFest 2025 To Focus On AI, Automation, And The Future Of Accounting
QuickFest, the virtual conference tailored for accounting professionals, bookkeepers, and consultants, will return on 1... Read more
5 Stories That Shaped Hong Kongs Fintech Scene In 2024
In 2024, Hong Kong further cemented its position as a leading fintech hub in the world, with the number of fintech comp... Read more