Fuggerei
Quick Summary
The Fuggerei is the world's oldest housing settlement for the poor, founded in 1519 in Augsburg, Germany. It was established by the wealthy Fugger merchant family, who were prominent in European business during the 15th and 16th centuries. The Fuggerei was designed to provide housing for impoverished citizens and still operates today, with residents paying a nominal annual rent of less than one Euro. The settlement consists of over 100 houses and apartments, along with a church and administrative buildings. It represents an early form of social welfare and a philanthropic endeavor by a prominent business family.12
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