Metropolitan Association for Improving the Dwellings of the Industrious Classes
The Metropolitan Association for Improving the Dwellings of the Industrious Classes (MAIDIC) was a Victorian-era, philanthropically-motivated Model Dwellings Company, a fore-runner of the modern housing association which sought to provide affordable housing for the working classes on a privately run basis, with a financial return for investors. Although not the first society to build such homes, the Association was the first to be founded expressly for this purpose. As such it was one of the earliest adopters of the principal of the five per cent philanthropy model, outlined in the Company's resolution: "that an association be formed for the purpose of providing the labouring man with an increase of the comforts and conveniences of life, with full return to the capitalist."
Metropolitan Association for Improving the Dwellings of the Industrious Classes
The Metropolitan Association for Improving the Dwellings of the Industrious Classes (MAIDIC) was a Victorian-era, philanthropically-motivated Model Dwellings Company, a fore-runner of the modern housing association which sought to provide affordable housing for the working classes on a privately run basis, with a financial return for investors. Although not the first society to build such homes, the Association was the first to be founded expressly for this purpose. As such it was one of the earliest adopters of the principal of the five per cent philanthropy model, outlined in the Company's resolution: "that an association be formed for the purpose of providing the labouring man with an increase of the comforts and conveniences of life, with full return to the capitalist."
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The Metropolitan Association f ...... ull return to the capitalist."
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Dissolved
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31,260,637
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1,024,697,425
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fate
Dissolved
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Housing
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Metropolitan Association for Improving the Dwellings of the Industrious Classes
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Metropolitan Property Association
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The Metropolitan Association f ...... ull return to the capitalist."
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Metropolitan Association for Improving the Dwellings of the Industrious Classes
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Metropolitan Association for Improving the Dwellings of the Industrious Classes
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