In the German village of "Fuggerei", rent has not been raised since 1520, and living there for a whole year costs only 1 euro. This is because the land and houses in the village belong to one family, who decided to preserve this tradition to maintain social justice and attract new residents. Fuggerei is a historic social housing complex located in the city of Augsburg, Germany. 1. History: Fuggerei was founded in 1516 by Jakob Fugger the Younger, a wealthy merchant and banker from the prominent Fugger family. The complex was established as a charitable housing settlement for the residents of Augsburg who were in need of affordable housing. 2. Purpose: The primary purpose of Fuggerei was to provide housing for the poor and needy residents of Augsburg. Jakob Fugger's vision was to create a self-sustaining community where people could live in dignity and security, regardless of their financial circumstances. 3. Design and Layout: Fuggerei consists of 67 houses arranged in a grid pattern around a central courtyard. The houses are built in the Renaissance style and feature colorful facades, ornate doorways, and decorative elements. Each house has its own entrance and living space, providing residents with a sense of privacy and autonomy. 4. Rent: One of the most unique aspects of Fuggerei is its rent policy. Residents of Fuggerei pay an annual rent of only one Rheinischer Gulden (equivalent to about 0.88 euros as of 2021), which has remained unchanged since the complex was founded over 500 years ago. In addition to rent, residents are also required to recite prayers for the Fugger family.

5. Criteria for Residency: To qualify for residency in Fuggerei, applicants must meet certain criteria, including being of the Catholic faith, being a citizen of Augsburg for at least two years, and demonstrating financial need. Residents are also required to be of good character and have a clean criminal record. 6. Community Life: Fuggerei is not just a housing complex; it is also a close-knit community where residents support each other and participate in social activities together. The central courtyard serves as a gathering place for residents to socialize, celebrate holidays, and build relationships with their neighbors. 7. Maintenance and Preservation: Fuggerei has been meticulously maintained and preserved over the centuries, with ongoing efforts to ensure that the historic buildings remain in good condition. The complex has been designated as a UNESCO World Heritage Site in recognition of its historical significance and architectural beauty. 8. Tourism: Today, Fuggerei is open to visitors who can explore the grounds, visit the Fuggerei Museum, and learn about the history and legacy of this unique housing complex. Tourism helps generate additional income to support the maintenance and operation of Fuggerei. In conclusion, Fuggerei stands as a remarkable example of social welfare and urban planning from the Renaissance period. Its enduring legacy as the world's oldest social housing complex continues to inspire visitors and residents alike with its commitment to providing affordable housing and fostering community spirit.