The Fuggerei is the world's oldest public housing complex still in use. It is a walled enclave within the city of Augsburg, Bavaria. It takes its name from the Fugger family and was founded in 1516 by Jakob Fugger the Younger (known as "Jakob 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 public housing project in the world.
Augsburg (UK: /ˈaʊɡzbɜːrɡ/OWGZ-burg, also US: /ˈɔːɡz-/AWGZ-; German:[ˈaʊksbʊʁk]; Swabian German: Ougschburg) is a city in the Bavarian part of Swabia, Germany, around 50 kilometres (31 mi) west of the Bavarian capital Munich. It is a university town and the regional seat of the RegierungsbezirkSwabia with a well-preserved Altstadt (historical city centre). Augsburg is an urban district and home to the institutions of the Landkreis Augsburg. It is the third-largest city in Bavaria (after Munich and Nuremberg), with a population of 304,000 and 885,000 in its metropolitan area.
After Neuss, Trier, Worms, Cologne and Xanten, Augsburg is one of Germany's oldest cities, founded in 15 BC by the Romans as Augusta Vindelicorum and named after the Roman emperorAugustus. It was a Free Imperial City from 1276 to 1803 and the home of the patricianFugger and Welser families that dominated European banking in the 16th century. According to Behringer, in the sixteenth century it became "the dominant centre of early capitalism", having benefited from being part of the Kaiserliche Reichspost system as "the location of the most important post office within the Holy Roman Empire" and the city's close connection to Maximilian I. The city played a leading role in the Reformation as the site of the 1530 Augsburg Confession and the 1555 Peace of Augsburg. The Fuggerei, the oldest social housing complex in the world, was founded in 1513 by Jakob Fugger.
