Assignment problem (AP) is an entrenched tool for solving engineering and management problems. The Hungarian method is always used to fathom the AP in crisp cases. This paper presents an algorithm of finding the optimum solution of the fuzzy AP by using the modified Hungarian method. This method is utilized to get a minimum assignment cost in the fuzzy environment for a fuzzy AP. Firstly, we use the fuzzy numbers without any transformation. Secondly, the fuzzy AP is transformed into an interval AP based on the α-cut methodology. Then, the interval arithmetic operations and the order relations are applied to get the optimal solution by utilizing the modified Hungarian method. The proposed algorithm requires less efforts and time to reach optimality, compared to the existing methods. Numerical examples are given to ensure the efficiency and the validity of the proposed algorithm. A study on the reuse of many valuable buildings is presented after using different government and service buildings in a manner that does not fit with its original function and heritage value. We offer a solution based on the scientific and realistic basis for requalification according to the variables and requirements of the social, cultural, and economic environments in the environment surrounding the valuable buildings.