homeownership

Jake Day website

The city of Salisbury and Salisbury University announced yesterday the Buy a Home, Build a business program.

The program provides up to $5-thousand for a down payment and closing cost to help university students start businesses in the city.

University President Janet Dudley-Eshbach said that one of her top priorities was to create a strong partnership with the  city.

Meanwhile, Mayor Jake Day said he wanted to get Salisbury University students to remain in the city.

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An assessment of home ownership in Salisbury has found it has fallen by 4 percent over the last four years.

During an overview of Salisbury census data last night the city council was told that the rental market accounted for 66.8 percent of the housing market while homeownership accounted for just over 33 percent.

City Council member Tim Spies says the trend reflects a tough economy.