Fuggerei
Encyclopedia
The Fuggerei is the world's oldest social housing complex still in use. It is a walled enclave within the city of Augsburg
Augsburg
Augsburg is a city in the south-west of Bavaria, Germany. It is a university town and home of the Regierungsbezirk Schwaben and the Bezirk Schwaben. Augsburg is an urban district and home to the institutions of the Landkreis Augsburg. It is, as of 2008, the third-largest city in Bavaria with a...

, Bavaria
Bavaria
Bavaria, formally the Free State of Bavaria is a state of Germany, located in the southeast of Germany. With an area of , it is the largest state by area, forming almost 20% of the total land area of Germany...

. It takes it name from the Fugger
Fugger
The Fugger family was a historically prominent group of European bankers, members of the fifteenth and sixteenth-century mercantile patriciate of Augsburg, international mercantile bankers, and venture capitalists like the Welser and the Höchstetter families. This banking family replaced the de'...

 family and was founded in 1516 by Jacob Fugger the Younger
Jacob Fugger
Jacob Fugger , sometimes known as Jacob Fugger the Rich, was a German banker and a member of the Fugger family.- Biography :...

 (known as "Jacob Fugger the Rich") as a place where the needy citizens of Augsburg could be housed. By 1523, 52 houses had been built, and in the coming years the area expanded with various streets, small squares and a church. The gates were locked at night, so the Fuggerei was, in its own right, very similar to a small independent medieval town. It is still inhabited today, affording it the status of being the oldest social housing project in the world.

Description

The rent was and is still one Rheinischer Gulden
Rhenish guilder
Rhenish guilder is the name of the golden, base currency coin of the Rhineland in the 14th and 15th centuries.- Formation :...

 per year (equivalent to 0.88 euros), as well as three daily prayers for the current owners of the Fuggerei - the Lord's Prayer
Lord's Prayer
The Lord's Prayer is a central prayer in Christianity. In the New Testament of the Christian Bible, it appears in two forms: in the Gospel of Matthew as part of the discourse on ostentation in the Sermon on the Mount, and in the Gospel of Luke, which records Jesus being approached by "one of his...

, Hail Mary
Hail Mary
The Angelic Salutation, Hail Mary, or Ave Maria is a traditional biblical Catholic prayer asking for the intercession of the Virgin Mary, the mother of Jesus. The Hail Mary is used within the Catholic Church, and it forms the basis of the Rosary...

, and the Nicene Creed
Nicene Creed
The Nicene Creed is the creed or profession of faith that is most widely used in Christian liturgy. It is called Nicene because, in its original form, it was adopted in the city of Nicaea by the first ecumenical council, which met there in the year 325.The Nicene Creed has been normative to the...

. The conditions to live there remain the same as they were 480 years ago: one must have lived at least two years in Augsburg, be of the Catholic faith and have become indigent without debt. The five gates are still locked every day at 10 PM.

Housing units in the area consist of 500-700 square foot apartments, but because each unit has its own street entrance it simulates living in a house. There is no shared accommodation; each family has its own apartment, which includes a kitchen, a parlour, a bedroom and a tiny spare room, altogether totaling about 60 square metres. Ground-floor apartments all have a small garden and garden shed, while upper-floor apartments have an attic. All apartments have modern conveniences such as television and running water. One ground-floor apartment is uninhabited, serving as a museum open to the public. The doorbells have elaborate shapes, each being unique, dating back to before the installation of streetlights when residents could identify their unit by feeling the handle in the dark.

History

The Fugger family initially established their wealth in weaving and merchandising. Jakob the Rich expanded their interests into silver mining and trading with Venice
History of the Republic of Venice
The history of the Republic of Venice traditionally begins with its foundation at noon on Friday March 25, 421 by authorities from Padua who hoped to establish a trading-post in the region. This event was marked by the founding of the Venitian church of St. James...

. Additionally he was a financier and counted the Vatican
Holy See
The Holy See is the episcopal jurisdiction of the Catholic Church in Rome, in which its Bishop is commonly known as the Pope. It is the preeminent episcopal see of the Catholic Church, forming the central government of the Church. As such, diplomatically, and in other spheres the Holy See acts and...

 as a notable client. The family became financial backers of the Habsburg
Habsburg
The House of Habsburg , also found as Hapsburg, and also known as House of Austria is one of the most important royal houses of Europe and is best known for being an origin of all of the formally elected Holy Roman Emperors between 1438 and 1740, as well as rulers of the Austrian Empire and...

 family and he financed the successful election of Charles V
Charles V, Holy Roman Emperor
Charles V was ruler of the Holy Roman Empire from 1519 and, as Charles I, of the Spanish Empire from 1516 until his voluntary retirement and abdication in favor of his younger brother Ferdinand I and his son Philip II in 1556.As...

 as Emperor of the Holy Roman Empire
Holy Roman Empire
The Holy Roman Empire was a realm that existed from 962 to 1806 in Central Europe.It was ruled by the Holy Roman Emperor. Its character changed during the Middle Ages and the Early Modern period, when the power of the emperor gradually weakened in favour of the princes...

 in 1519.

The Fuggerei was first built between 1514 and 1523 under the supervision of the architect Thomas Krebs, and in 1582 Hans Holl added the church to the settlement: St. Mark's
St. Mark's
- Europe :* St. Mark's Church, Belgrade, Serbia* St. Mark's Church, Zagreb, CroatiaItaly* St Mark's Basilica, Venice* St Mark's Campanile, Venice- North America :United States* St. Mark Coptic Orthodox Church...

. Expanded further in 1880 and 1938, the Fuggerei today comprises 67 houses with 147 apartments, a well, and an administrative building.

Wolfgang Amadeus Mozart's
Wolfgang Amadeus Mozart
Wolfgang Amadeus Mozart , baptismal name Johannes Chrysostomus Wolfgangus Theophilus Mozart , was a prolific and influential composer of the Classical era. He composed over 600 works, many acknowledged as pinnacles of symphonic, concertante, chamber, piano, operatic, and choral music...

 great-grandfather, the mason Franz Mozart
Franz Mozart
Franz Mozart was a German mason and the grandfather of Leopold Mozart and great-grandfather of Wolfgang Amadeus Mozart....

, lived in the Fuggerei between 1681 and 1694, and is commemorated today by a stone plaque.

The Fuggerei was heavily damaged by the bombings of Augsburg during World War II, but has been rebuilt in its original style.

Upkeep

The Fuggerei is supported by a charitable trust established in 1520 which Jakob Fugger funded with an initial deposit of 10,000 guilders. According to the Wall Street Journal the trust has been carefully managed with most of its income coming from forestry holdings, which the Fugger family favored since the 17th century after losing money on higher yielding investments. The annual return on the trust has ranged from an after inflation rate of 0.5% to 2%. Currently the trust is administered by Wolf-Dietrich Graf von Hundt.

As of 2011, the fee for a tour into the Fuggerei is 4.00 euro - over four times the annual rent.
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