Fuggerei
Fuggerei is a historic housing complex in Augsburg, Bavaria, Germany. It was founded in 1521 by Jakob Fugger the Younger as a charitable foundation to provide affordable housing for Augsburg’s needy citizens and remains the world’s oldest social housing complex still in use.
The complex consists of 67 houses arranged around two inner courtyards and contains about 140 apartments. It
Tenants are drawn from Augsburg residents in need. In addition to the annual rent, currently one euro,
Today, Fuggerei functions as both a living community and a major historic and tourist site. It remains