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 ...

Stibi has to pay just 88 euro cents ($1.01) a year for her apartment in the social housing complex known as the Fuggerei, where rents have not gone up since the Middle Ages. Founded in 1521 by the ...

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.

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. Stibi has to pay just 88 euro ...

Olivier FENIET AFP Jun 18, 2025 Updated Jun 19, 2025 ...