Company type | Public |
---|---|
Industry | Housing |
Founded | 1841 |
Founder | Thomas Southwood Smith, Lord Howard, Viscount Ebrington, Lord Haddo, Sir Ralph Howard |
Fate | Dissolved |
Successor | Metropolitan Property Association |
Headquarters | |
Products | Model dwellings |
In London, the Metropolitan Association for Improving the Dwellings of the Industrious Classes (MAIDIC) was a Victorian-era, philanthropically-motivated model dwellings company. The association, established in 1841, was 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.[1] 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."[1]
© MMXXIII Rich X Search. We shall prevail. All rights reserved. Rich X Search