In 1521, the renowned merchant Jakob Fugger created the social housing complex which today is the world’s oldest still in use. 140 flats are spread across the 67 buildings of the picturesque enclave and, with its church and administrative buildings, forms somewhat of a village in its own merit. The rules and conditions have not changed in the nearly 500 years of its operation. Inhabitants are in need but debt-free and of the Catholic faith. In return, they pay no more than €0,88 in rent a year – yes, 88 cents – and are required to pray for the salvation of the benefactor family three times a day. A small onsite museum recounts the history of the complex with a film, texts and exhibits.