Model dwellings companies (MDCs) were a group of private companies in Victorian Britain that sought to improve the housing conditions of the working classes by building new homes for them, at the same time receiving a competitive rate of return on any investment. The principle of philanthropic intention with capitalist return was given the label "five per cent philanthropy".
Model dwellings companies (MDCs) were a group of private companies in Victorian Britain that sought to improve the housing conditions of the working classes by building new homes for them, at the same time receiving a competitive rate of return on any investment. The principle of philanthropic intention with capitalist return was given the label "five per cent philanthropy".
Source: Wikipedia "Model dwellings company" · CC BY-SA 4.0
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