, ▁aim ed ▁to ▁improve ▁working - class ▁conditions . ▁It ▁promoted , ▁for ▁example , ▁the ▁all ot ment ▁of ▁land ▁to ▁labour ers ▁for ▁" c ott age ▁husband ry " ▁that ▁later ▁became ▁the ▁all ot ment ▁movement . ▁In ▁ 1 8 4 4 ▁it ▁became ▁the ▁first ▁Model ▁D well ings ▁Company ▁- ▁one ▁of ▁a ▁group ▁of ▁organizations ▁that ▁sought ▁to ▁improve ▁the ▁housing ▁conditions ▁of ▁the ▁working ▁classes ▁by ▁building ▁new ▁homes ▁for ▁them , ▁at ▁the ▁same ▁time ▁receiving ▁a ▁compet itive ▁rate ▁of ▁return ▁on ▁any ▁invest ment . ▁This ▁was ▁one ▁of ▁the ▁first ▁housing ▁associations , ▁a ▁phil anth rop ic ▁endeav our ▁that ▁fl our ished ▁in ▁the ▁second ▁half ▁of ▁the ▁nin ete enth ▁century ▁brought ▁about ▁by ▁the ▁growth ▁of ▁the ▁middle ▁class . ▁Later ▁associations ▁included ▁the ▁Pe ab ody ▁Trust ▁( origin ating ▁in ▁ 1 8 6 2 ) ▁and ▁the ▁Gu in ness ▁Trust ▁( f ounded ▁in ▁ 1 8 9 0 ). ▁The ▁principle ▁of ▁phil anth rop ic ▁intention ▁with ▁capital ist ▁return ▁was ▁given ▁the ▁label ▁" five ▁per ▁cent ▁phil anth ropy ". ▁ ▁There ▁was ▁strong ▁growth ▁in ▁municipal ▁char ities . ▁The ▁Br ough am ▁Commission ▁led ▁on ▁to ▁the ▁Municipal ▁Corpor ations ▁Act ▁ 1 8 3 5 , ▁which ▁re organ ized ▁multiple ▁local ▁char ities ▁by ▁incorpor ating ▁them ▁into ▁single ▁entities ▁under ▁super vision ▁from ▁local ▁government . ▁ ▁Char ities ▁at ▁the ▁time