Fuggerei
landmark in
Augsburg
#1 in Augsburg
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#345 in Germany
Fuggerei in Augsburg, Germany, is the world's oldest social housing complex still in use. Established in 1521 by Jakob Fugger the Rich, it was built to provide affordable housing for needy citizens of Augsburg. The complex consists of 67 buildings with 140 apartments, and residents are required to pay a nominal annual rent of just one Rhenish guilder, equivalent to about 0.88 euros today. Additionally, residents are expected to adhere to certain conditions, including daily prayers for the Fugger family.
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