Word: managerized
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Maloney said the AAA rating is the result of the City Council and the city manager working together.
"The city manager has recommended some very sound financial positions, and the City Council has followed those," Maloney said.
In a press release, City Manager Robert W. Healy called the ratings "truly gratifying."
In its CITYHOME Initiative report, the trust said it has spent $20.15 million on affordable housing initiatives since the program began in July 1995. That translates to the preservation or creation of 1,761 affordable housing units, according to City Manager Robert W. Healy.
Healy and Assistant City Manager for Community Development Beth Rubenstein's presentation included some striking statistics on the rising rents in Cambridge.