September 2, 2024, 8:32 am | Read time: 5 minutes
More than 500 years ago, the immensely wealthy merchant Jakob Fugger founded the Fuggerei in his Bavarian hometown of Augsburg. Today, the complex is the world’s oldest social housing settlement, where needy residents can live for a nominal fee. This has made the location one of Augsburg’s biggest tourist attractions. However, there are conditions to be met to live here—and some are quite peculiar.
Honestly, would you be willing to pray three times a day to live in your apartment? Well, if you live in Berlin or a similarly sought-after metropolis, the answer is probably: “Sure, if necessary, even more often.” But for the people living in the Fuggerei in the Bavarian city of Augsburg, daily conversations with God are indeed a condition for moving in. This refers to a complex once founded by the immensely wealthy merchant Jakob Fugger, which is now considered the world’s oldest social housing settlement.
To obtain an apartment in the Fuggerei, one must first meet three conditions, regardless of other factors: be officially recognized as needy, live in Augsburg, and belong to the Catholic faith. Of course, there’s also a waiting list, as housing in this unique settlement is extremely popular. No wonder, since the rent here is only 88 cents—and that’s per year. According to “Welt,” there are also monthly utility costs of about 90 euros for a 60-square-meter accommodation.
The Fuggerei is Over 500 Years Old
Since its founding more than 500 years ago, the Fuggerei has grown to a total of 67 houses with 142 apartments. To live here, one must fulfill another condition besides the aforementioned ones: pray three times a day for the soul of Jakob Fugger. The man who initiated this extraordinary and visionary project back in 1521. Having become more than wealthy as a merchant and then the richest man in the entire Holy Roman Empire, he founded what is now the world’s oldest social housing settlement.
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This likely had various reasons: First, Jakob Fugger probably wanted to cement his family’s status in Augsburg. They had only moved here at the end of the 14th century and had not gained access to the innermost circles of the city’s elites until the founding of the Fuggerei. As someone who had made money-making his business model and was sometimes called a “vile usurer” by contemporaries, he might have also been concerned about his soul’s salvation in the afterlife. Finally, Jakob Fugger probably also had a genuine, humane, and charitable side.
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Inhabited for 1,000 Years! The likely Oldest Settlement in the United States
88 Cents Annual Rent
He acted entirely in the spirit of his namesake, the Apostle James, who advises in the Bible to help widows and orphans in need. Fugger applied this recommendation to generally needy people with the construction of his Fuggerei. And there were many of those in Augsburg in the mid-16th century. Attracted by the earning opportunities in the city, countless day laborers flocked here during Fugger’s time, and living conditions were correspondingly cramped. Many people were likely completely homeless.
On August 23, 1521, the merchant wrote in his foundation charter for the Fuggerei: “I, Jakob Fugger, citizen of Augsburg, acknowledge with this letter to complete the houses for the poor at Kappenzipfel as a foundation and to obligate the descendants to its execution forever.” Seven years earlier, he had already acquired the first houses and gardens from the widow of a former mayor in Jakobervorstadt-Süd for 900 Rhenish guilders. By 1523, the settlement with a total of 52 houses for 102 residents was completed. Fugger set the annual rent per resident at one Rhenish guilder, which at the time corresponded to a day laborer’s weekly wage, as “Deutschlandfunk Kultur” writes. Currently, that is equivalent to just 88 cents.
More Than 200,000 Visitors Per Year
And indeed, today around 150 needy Augsburg residents still pay no more than this symbolic rent for their apartments. Currently, more than 200,000 people visit annually to see the world’s oldest social housing settlement. Whether its residents actually pray three times a day as suggested for the man who had a vision more than 500 years ago is not monitored. However, there is a night watchman who closely observes comings and goings after 10 p.m. at the entrance to this unique housing project.
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If a resident arrives after 10 p.m., they must check in with the quirky porter and pay a small fee of 50 cents. After midnight, it is even one euro. The Fuggerei opens its gates at 6 a.m. and officially closes at 10 p.m. The continued existence of this unique housing project is made possible by the foundation’s official website, adult visitors currently pay an entrance fee of 8 euros. The reduced ticket is 7 euros. In addition to the 67 apartments, residents today also have access to a beer garden, a medical station, and the St. Markus Church, which is part of the complex. Visitors can now learn about the Fuggerei in two museums. Somewhere, of course, there is also a bust of Jakob Fugger himself—the man who had a vision more than 500 years ago.