The Fuggerei, established in 1521, provides affordable housing for those in need in Augsburg, Germany. Angelika Stibi is among the residents who benefit from the complex's unique rent structure, paying only 88 euro cents annually. The project, initiated by businessman Jakob Fugger, has remained a vital resource for its 150 residents, with long waiting lists and strict admission criteria. Martha Jesse, another long-time resident, shares how her low pension leaves her reliant on the support of the Fuggerei, showcasing the complex's importance in modern society.
The Fuggerei, founded in 1521 by Jakob Fugger, has not raised rents since its inception, offering affordable housing to those in need in Augsburg.
Angelika Stibi, a new resident, pays only 88 euro cents annually, a tremendous relief after financial hardships due to health issues.
Aspiring tenants can face wait times of several years, with strict eligibility criteria including being a Catholic resident of Augsburg.
Long-term resident Martha Jesse highlights that living outside the Fuggerei would have been impossible on her pension of just 400 euros.
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