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` EXHIBIT t ASSETS A, Assets That Should Be Considered Ile Assets That Should Not, Be Cousidered L Savings accounts and the overage &mouth balance 1 . Necessary personal property, except as aotld in 101 of checking accounts. 2. Stocks, bonds, savings certi6cata, money market 2, laterest In Indian trust lands, funds, and other investment secountL 3. Assets that are a Part of an active business or farming operation, (Note: Rental properties are . 3. Equity in real property or other capital considered prrmaitl assets unless real estate is the investmeats. Equity Is the estimated current appliuses main oempation,) market value of the asset less the onpsid balance on all )oaas secured by the asset and reasonable costs e. Assets Not accessible to the family and that provide (such as broker fees) that would be incurred in no Income for the family. For example, an abused selling the asset. Under HOME sad SHIP, equity spouse who legally and jointly owns a house but ( 1 ) in the family's primary residence is not considered does not live in the house; (2) receives no income for home owner repair programs, from ownership of the house, and (3) has no ability to sell the boom 4. The value of land, in excess of land allowable for housing production is an asset (SHIP Program S. Vehicles specially equipped for the handiapped. ONLY). 6. Equity in owner-occupied cooperation and S. Cash value of trusts that are available to the manufactured homy in which the family lives. household. Z Assets held is Applicants ' name but which are 6. IRA. Keogh, and similar retirement savings actually owned by someone else. accounts, even though withdrawal would result in a penalty. a. Asset and income from asset accrue to someone else. 7. Contributions to company retirement/pension b. The other person is responsible for paying taxes Ponds that can be withdrawn without retiring or on incomes terminating employment This amount would be C- Not to be confused with joint ownership . - reduced by any penalty for early withdrawal. - 8. Assets that, although owned by more than one a Cash value of life insurance policies. person , allow unrestricted access by the applicant. 9. Lump-sum receipts, such as inheritances, capital gains, lottery winnings, insurance settlements, and other claims. - 10. Personal property held as an investment such as gems, jewelry, coin collections, antique ars, etc. 11 . Assets disposed of for leu than fair market value during two years preceding certification or recertification . OS Julys t 990 Ptwemas o+esP