Mayor Jim Ireton says he wants to offer up some relief to renters in Salisbury.
In his statement he says that residents pay far too much to for quality rentals and charges there has been a problem of greed in the rental industry.
The Salisbury Daily Times reports that he wants to put $8 million back into the local economy.
The paper notes that rents rose dramatically during the early part of the last decade and have continued to climb despite the drop in paychecks during the Great Recession.
Ireton is to hold a news conference at 1 p.m. at City Hall in the council chambers.
Ireton is currently running for a seat on the city council in District 4.