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EXHIBIT 1 <br />Investment Accounts Such as Stocks, Bonds, Saving Certificates, and Money Market Funds <br />[24 CFR 5.603(b)(1)J <br />HUD considers financial investments such as stocks and bonds non -necessary items of personal <br />property. Whether non -necessary personal property is counted toward net family assets depends <br />on the combined value of all of the family's assets. <br />• When the combined value of net family assets is greater than the HUD -published threshold <br />amount, which is adjusted annually and listed in HUD's Inflation Adjusted Values tables <br />($50,000 for 2024, and $51,600 for 2025), financial investments such as stocks and bonds are <br />considered part of net family assets. In this case, the value of the family's financial <br />investments such as stocks and bonds would be counted toward net family assets. <br />When the combined value of all non -necessary personal property does not exceed the HUD - <br />published threshold amount, all non -necessary personal property is excluded from net family <br />assets. In this case, the value of the family's financial investments such as stocks and bonds <br />would not be considered when calculating net family assets. <br />However, actual income from financial accounts is always included in a family's annual income, <br />regardless of the total value of net family assets or whether the asset itself is included or <br />excluded from net family assets, unless that income is specifically excluded. When a stock issues <br />dividends in some years but not others (e.g., due to market performance), the dividend is counted <br />as the actual return when it is issued, but when no dividend is issued, the actual return is $0. <br />When the stock never issues dividends, the actual return is $0. <br />SAHA Polic <br />SAHA will include interest or dividends earned by investment accounts as actual income <br />from assets even when the earnings are reinvested. <br />The cash value of such an asset is determined by deducting from the market value any <br />broker fees, penalties for early withdrawal, or other costs of converting the asset to cash. <br />In determining the market value of an investment account, SAHA will use the value of <br />the account on the most recent investment report dated within 120-days from the <br />recertification date. <br />- 025 <br />City Council 5 — 280 5 2 25 <br />