Cambridge Awarded Three AAA Ratings for 25th Consecutive Year
The City of Cambridge has retained its distinction of being one of approximately 24 cities in the United States to earn AAA ratings from each of the nation's three major credit rating agencies. For 25 consecutive years, the City has received these noteworthy ratings annually from Moody's Investors Service, S&P Global Ratings, and Fitch Ratings.
A Win for Housing Affordability as Cambridge City Council Adopts Changes to Incentive Zoning
The Cambridge City Council adopted an amendment to the Incentive Zoning Ordinance on October 17, 2022, which will increase funds for the City’s Affordable Housing Trust. This new amendment adds to the many tools Cambridge has put in place over the past few years to support affordable housing.
Cambridge’s Affordable Housing Trust has commitments of more than $100 million to affordable housing developments currently underway to preserve or create more than 500 affordable homes when completed.