
JAN 27, 2022
🇩🇪 When Fuggerei Was Established By A Wealthy Banker, Jakob Fugger The Rich, In 1520, He Intended For It To Become A Housing Complex Open To The Needy And Poor Living Nearby In Augsburg, Germany. That Tradition Continues Today, With The Only Other Requirements For Living In The Complex Being A Demonstrated Faith In The Catholic Church, And A Proven Residency In Augsburg For At Least Two Years. _____ 💸 Jakob The Rich Set Up A Charitable Trust In Order To Bankroll The Fuggerei, A Trust That Still Finances The Village. Although, The Wall Street Journal Notes It Only Sees Returns Of About 0.5% To 2% Each Year. Tourists Also Bring In Some Money For The Village, As Visitors Are Welcome To Tour The Neighborhood For Themselves With The Purchase Of A €4 Euro Ticket, As Long As They Demonstrate Respect For The Town And Its Residents. and Although Visitors Are Not Allowed To Enter Any Of The 50- To 700-Square-Foot Residences Currently Occupied, The Fuggerei Maintains A Model Unit So Visitors Can Get A Feel For The Homes That Have Provided Solace For 495 Years. _____ source: Link In Our Bio. 🔗
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