<http://schema.org/articleBody>
" It&amp;#039;s been seven years since Fuggerei was in the news. That was when\u00A0the Wall Street Journal paid a visit to the historic German village. But the strange town is still just as interesting today. It&amp;#039;s here where 142 residents live in a gated community within the city of Augsburg, where praying three times a day is a requirement and the gates are locked promptly at 10 pm. The cost to live in one of the 67 homes or 147 apartments in the little village? 88 euro cents a year, or about a single U.S. dollar.\u00A0 That&amp;#039;s right, one dollar.\u00A0For an entire year of rent. When the Fuggerei was established by a wealthy banker, Jakob Fugger\u00A0the Rich, in 1520, he intended for it to become a housing complex open to\u00A0the needy and poor living\u00A0nearby in\u00A0Augsburg, 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\u00A0proven\u00A0residency in Augsburg for at least two years. Jakob the Rich set up a charitable trust in order to bankroll the Fuggerei, a trust that\u00A0still finances the village. Although, the Wall Street Journal notes it only sees returns of about\u00A00.5% to 2% each year. Tourists also bring in some money for the village, as visitors\u00A0are\u00A0welcome to tour\u00A0the neighborhood for themselves with the purchase of a\u00A0\u20AC4 euro\u00A0ticket, as long as they demonstrate respect for the town and its residents.\u00A0 And although visitors are not allowed to enter any of the 50-\u00A0to 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. Take a closer look at the village in the photos below.          h/t: Atlas Obscura "^^<http://www.w3.org/2001/XMLSchema#string>
<http://www.elledecor.com/life-culture/news/a7635/german-village-with-88-cent-rent/>