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Poway calls itself "The City in the Country," because of its rustic charm even
though it’s a thriving bedroom community close to the City of San Diego and
other areas of the county. Though many residents today mistake Poway for an
old Western-style cowboy town, its original roots lie in agriculture. The
Homestead Act of1862 encouraged Westward migration, and many of Poway’
s first white settlers came to farm the fertile soil to grow a variety of crops.
Some farmers captured swarms of wild bees and cultivated honey. Dairying
also proved lucrative and most families kept a cow for milk and butter,
chickens for eggs and meat, and perhaps a hog to sustain them while they
farmed.  Crops were sold throughout the San Diego area.

Artifacts such as arrow heads, spear points, metates, grinding stones, and
pottery found along the bed of Poway Creek all indicate an early Diegueño
presence. Various pictographs adorn many of Poway's boulders, and modern
techniques suggest that these paintings date back to the 1500s or earlier.
Poway's contemporary history began in 1758, when padres from the Mission
San Diego de Alcala kept cattle in the valley. The name "Paguay," one of many
original spellings, appears on mission documents in 1774. The name, also
written as Paguai, Paui, Pauai, Pauy, Powaii, and finally Poway, has incurred
dispute as to its meaning. While one Native American linguist insists that it
means “here, where the waters meet,” the consensus has traditionally
translated the word as “the two little valleys.  The Paguay name appeared on
maps as late as 1869.  However, when the Postmaster General granted the
area's application for a post office, he crossed out the name that had been
suggested and substituted "Poway" fixing the current spelling once and for all.
It was the first post office located between San Bernardino and San Diego.  

By 1887, there were 800 people living in the valley and subdivisions were laid
out in anticipation of a rail link through the valley.  However, the rail link
never materialized and the subdivisions were never fully built. This area is
now known as Old Poway.  The area still has many areas zoned for horses and
homes are often on large lots giving the area a rustic feel.  The yearly Poway
Rodeo remains a much anticipated event for residents and visitors alike.  The
2008 Poway rodeo will be held at the Poway Valley Riders Association's
grounds in Poway, CA. September 25, 26, and 27.  
Along with some of Poway’s new homes worth $1 mil plus, Poway’s
Affordable Housing Program keeps families together and employees local with
a variety of programs to rehabilitate existing homes and build new single and
multi-family homes. Affordable housing targets households earning below
120% of the County Median Income. A four-person family earning up to
$83,300 qualifies for Agency assisted affordable housing.

Since the creation of the Redevelopment Agency, 476 new living spaces have
been developed which house over 1,200 residents. Future development plans
include additional rental and home ownership opportunities for Poway’s
families.  Beginning in early 2008, Pacific Scene Homes will build 33 for-sale
homes on Metate Lane and York Avenue. Construction is expected to be
complete in early 2009.  

The Supporting Home Ownership in Poway (SHOP) Program bridges the
financial gap between the maximum amount a moderate-income family can
afford to pay and the current market sales price for a home.

Poway's First Time Home Buyer Program
First-time homebuyers who meet the program income requirements are
eligible to apply.  Homebuyers are required to contribute 3-5% of the
purchase price toward down payment/closing costs.  Assistance is provided in
the form of an Agency-funded second mortgage.  Homes purchased with
Agency help will remain affordable for a minimum of 45 years.  This means,
homeowners will be required to sell their homes at affordable prices to future
buyers.

In addition to Poway’s affordable homeownership programs, various other
San Diego area programs are available to help those interested in buying a
home in Poway.
DCCA (Down Payment and Closing Cost Assistance)
Program administered by the County of San Diego in partnership with the City
of Poway offers up to $45,000 for down payment and closing cost assistance
to first-time buyers. Contact: 858-694-8741, www.sdcounty.ca.us

CALHFA (California Housing Finance Agency)
Provides low-interest loans to qualified, first-time homebuyers through
various participating lenders. Contact: 916-322-3991 or 916-324-8088, www.
calhfa.ca.gov

Home Ownership Resource Center
Community HousingWorks, a local non-profit dedicated to helping people
achieve home ownership, administers a resource center with knowledgeable
staff that connect interested buyers to HUD-certified homeownership
programs, local lender programs, and City and County programs.
Contact: 619-282-6647, www.communityhousingworks.org

MCC (Mortgage Credit Certificate)
Program administered by the County of San Diego in partnership with the City
of Poway. Provides a special tax credit that allows income-qualified, first-time
homebuyers to reduce their federal income tax liability as long as they own
and occupy their home. Contact: 619-469-0270, www.ahahousing.com

Residential Rehabilitation Loan Program
Program administered by the City of Poway provides zero-interest, forgivable
loans, up to $10,000 to income-qualified homebuyers wanting to make
improvements to their homes. Contact: 858-668-4551

Old Poway Park is the center of the community hosting a number of events
each year including craft shows, farmer's markets and blacksmith
demonstrations. The park is home to a vintage train that offers rides to
visitors each weekend. A family-oriented community, Poway offers a wide
variety of housing, shopping and recreation opportunities. Visit Lake Poway,
the state-of-the-art Library, Poway Center for the Performing Arts, Community
Center, Blue Sky Ecological Reserve, Sportsplex USA, and historical Old Poway
Park.

Poway's central location mid-county on I-15 and 20 miles northeast of
downtown San Diego makes it a strategic location for businesses.  Poway was
rated No.6 in business growth in California by Outlook Magazine.  At the top of
Poway’s list of economic successes is the Poway Business Park. This 900-acre
business park was specifically planned for research and development,
commercial, office, and light industrial uses.
With its high quality infrastructure and easy freeway access, it’s no wonder
more than 500 businesses call the Poway Business Park home. These
businesses provide jobs to over 19,000 employees and afford many Poway
residents the opportunity to work close to home and avoid freeway
commutes.  Some of the major employers located in the Business Park include
Geico, Kontron, Home Depot, Costco, and First American Credco.

A new master plan is being developed for the Old Poway Park area.  
Suggestions so far include an arts center, softball fields and affordable
housing.  Added parking, sidewalks and more activities will also benefit the
retail areas around the park.  The park is the heart of Poway and residents
want to expand its activities while preserving its unique attributes.

Poway Unified School District is nationally recognized as one of the finest in
the state. A community college education center is situated locally; major
universities and regional community colleges are within a short commute.

The Poway Unified School District (PUSD) has grown to more than 30
elementary, middle (6th through 8th grades), and high (9th through 12th
grades) schools, and even has a home-schooling program. PUSD has a record
of high performance, and one of its students, eighth-grader Anurag Kashyap,
became the 2005 National Spelling Bee ChampiIn 1980.  

Poway High School, home of the Titans, is known for academic excellence. The
Emerald Brigade, the school's marching band, competes throughout the year
and frequently wins sweepstakes and top honors. The Titan wrestling team
has won 25 consecutive CIF San Diego Section Championships, placed in the
top five statewide 16 times, and won three CIF State Wrestling Team
Championships, in 1986, 1999 and 2005.

Conveniently located in the center of San Diego County, Poway enjoys a sunny
climate, clean air, a pristine lake and ecological reserves. Poway has carefully
planned for balancing growth with the good life, offering an ideal place in
which to prosper. It’s the way California was meant to be.
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Prestige Properties & Finance, a Real Estate & Mortgage Broker
2658 Del Mar Heights Road, Suite 207, Del Mar, CA 92014
Ph. 858-484-3446 :: Fax 858-484-3577
for Poway home buyers. You will quickly find up-to-date information on all
properties currently listed in Poway, including REO's, short sales and our
proprietary list of Best Deals.  You can also find current sales statistics,
community information, and more.  Simply use the tab bar above to find
everything you need about the Poway market.

Our experienced and knowledgeable staff of brokers and agents have closed
over a billion dollars of San Diego real estate transactions. This market
expertise is evident in every sale.  Our goal is to make clients for life, and that -
along with our depth of experience - makes us leaders in our industry.

Contact us when you're ready to begin viewing properties, and we'll provide
you with everything you need to find the right home.
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