Applications for a transitional housing scheme described by the government as a “breakthrough” initiative for addressing Hong Kong’s housing crisis will open later this month, authorities have said. The Housing Bureau announced on Thursday that those who have been waiting for public rental flats for at least three years will be able to apply for the Light Public Housing (LPH) scheme from June 24. As of the end of March, the average waiting time for public rental housing in Hong Kong was 5.7 years. Successful applicants will be allocated units in one of two projects under the scheme – one in Ng…