A Most Amazing 500 Year Social Experiment

The world’s oldest social housing, rent hasn’t changed since 1521

Image by CBC.ca

Five hundred years ago in the little town of Augsburg in Germany, back in 1521, Jakob Fuggera a wealthy banker, created and funded a social housing complex he named the Fuggerei as a home for the city’s most destitute and poorest workers of the Catholic faith. He had long dreamt of a…