MVRDV designs pavilion in honor of 500th anniversary of world’s oldest social housing foundation

In the early 16th century, the German merchant, mining entrepreneur, and banker Jakob Fugger almost single handedly contributed to the economic boom of Augsburg, the third largest city in the Bavarian region of Southern Germany. In 1521, Fugger established a walled enclave in the city—also the second oldest in all of Germany—for its poorer residents to find housing in exchange for one Rhenish guilder per year, equivalent to .88 euros in today’s currency. 

Celebrating its 500th anniversary this year, that enclave, named the Fuggerei in honor of its founder, is officially the oldest social housing complex in the world, where the annual cost of housing remains the equivalent of

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