In 1521 Jakob Fugger founded the oldest still existing social settlement in the world. The 140 flats are home to 150 catholic Augsburg citizens. The residents still pay a rent of 88 cents a year for 60 square meter flats. They are also committed to pray three daily prayers for the founder and his family. The Fuggerei Museum and the WWII bomb shelter which explain the history of the Fuggerei housing settlement.