And it’s not quite what you’d expect. Located in the city of Augsburg, Germany, the Fuggerei housing complex was established in 1521 by wealthy merchant Jakob Fugger as a haven for those in need.

A street at the Fuggerei is seen at the Fuggerei in Augsburg, southern Germany on May 20, 2025. Founded in 1521 by the wealthy businessman Jakob Fugger and believed to be the oldest such project in ...

Founded in 1521 by the wealthy businessman Jakob Fugger and believed to be the oldest such project in the world, the Fuggerei in the city of Augsburg provides living space for 150 residents facing ...

Jakob Fugger (1459-1525), also known as Jakob the Rich, was a merchant and financier from a wealthy family known for its ties to European emperors and the Habsburg family. Fugger set up several ...

When German pensioner Angelika Stibi got the keys to her new home in the southern region of Bavaria this year, a huge financial weight was lifted from her shoulders.

1 of 3 Rents at the Fuggerei in Augsburg have not risen since the Middle Ages Michaela STACHE The Fuggerei housing complex was founded in 1521 by the wealthy businessman Jakob Fugger Michaela STACHE ...