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City of Poway Supporting Home Ownership in Poway (SHOP) Program

City of Poway Supporting Home Ownership in Poway (SHOP) Program is a shared-appreciation loan for homebuyers in Poway, California.

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The program asks for

  • First-time homebuyer — the program sets its own definition
  • The home is occupied as a primary residence
  • A completed homebuyer education course, through Required - HUD First-Time Homebuyer course AND Poway Housing Authority SHOP/BEGIN course
  • Sourced via Homebuyer Wallet (CA260146). Limited inventory: SHOP loans available only when an existing SHOP-financed home is resold. Down payment requirement: 3% (low income) or 5% (moderate income); may be gifted (not loaned). 3-year FTHB lookback. 45-year resale-price restriction.
  • A home inside Poway city limits

It doesn’t cover

  • Households above 120% of area median income
  • Homes outside Poway

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

Income limit

120% of San Diego County’s area median income

HUD sets the area median income each year. The limit changes with household size, so a family of five has a higher limit than a single homebuyer.

$130,900
Area median income, 4-person household (HUD, 2026)
Income limits in California

Where it applies

Poway’s homes

  • 75.5% single-family
  • 5.2% townhouse
  • 2.6% 2–4 units
  • 13.3% 5+ units
  • 3.3% mobile & other

A tick marks a kind of home the program’s record lists. The agency confirms it for the home you choose.

$1.0M

Poway median home value

55.6%

built before 1980

U.S. Census Bureau, ACS 2024 5-year. More about buying in Poway

How to apply

  1. Take a homebuyer education course

    Required by the program, through Required - HUD First-Time Homebuyer course AND Poway Housing Authority SHOP/BEGIN course.

  2. Contact the administering agency to reserve funds

    Funds are reserved through waitlist (resale-driven), and are subject to availability.

  3. Work with a lender who handles the program

    Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.

Questions about this program

What is City of Poway Supporting Home Ownership in Poway (SHOP) Program?

City of Poway Supporting Home Ownership in Poway (SHOP) Program is a shared-appreciation loan for homebuyers in Poway, California. Resale-restricted homeownership program. Down payment 3% (low income) / 5% (moderate income), gift-eligible. 45-year affordability lock. Inventory cycles only on resale of existing SHOP homes. Second-mortgage assistance via Poway Housing Authority and City of Poway funds. Homes purchased through SHOP carry 45-year affordability restriction with restricted resale price. Funding comes from Poway Housing Authority, City of Poway.

Do you have to pay it back?

City of Poway Supporting Home Ownership in Poway (SHOP) Program is a shared-appreciation loan and is repaid under the terms set by the administering agency. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

City of Poway Supporting Home Ownership in Poway (SHOP) Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time homebuyer" usually means not having owned a home in the last three years, but the program sets its own definition. A homebuyer education course is required, through Required - HUD First-Time Homebuyer course AND Poway Housing Authority SHOP/BEGIN course. Sourced via Homebuyer Wallet (CA260146). Limited inventory: SHOP loans available only when an existing SHOP-financed home is resold. Down payment requirement: 3% (low income) or 5% (moderate income); may be gifted (not loaned). 3-year FTHB lookback. 45-year resale-price restriction.

What are the income limits?

City of Poway Supporting Home Ownership in Poway (SHOP) Program limits household income to 120% of the area median income, which varies by county and household size. Low- to moderate-income (per Poway Housing Authority schedule, San Diego County). The limit applies to total household income, not only the borrower’s. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

City of Poway Supporting Home Ownership in Poway (SHOP) Program can be used for Single-family.

Where does it apply?

City of Poway Supporting Home Ownership in Poway (SHOP) Program serves homebuyers purchasing in Poway, California.

How do you apply?

Applications for City of Poway Supporting Home Ownership in Poway (SHOP) Program go through the administering agency, which publishes the current terms and the application steps on its own site. Funds are reserved through waitlist (resale-driven). Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.

Also for Poway homebuyers

Whether two programs can be combined is up to each agency. Ask before you apply.

All 122 programs for Poway

Program terms are set by the administering agency and can change; confirm on the official site before you apply.