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SNAP SNAP SNAP SNAP SNAP SNAP SNAP SNAP SNAP SNAP SNAP SNAP SNAP SNAP SNAP SNAP For all additional vehicles not listed above, determine the Fair Market Value in excess of $4,650 and the countable Equity Value. Count the greater of the two values as a resource. Vehicles Additional licensed vehicles Exempt No Fair Market Value Test Fair Market Value $$ -$4,650 Excess Value Count the greater of the two values Equity Test Fair Market Value $$ -Amount Owed Equity Value Count the greater of the two values Unlicensed Vehicles (other than the exception for unlicensed vehicles driven on Indian land. These vehicles are evaluated the same as a licensed vehicle. Be sure to evaluate any exemptions) No Count the greater of the two values Count the greater of the two values 551 FAMILY SELF-SUFFICIENCY (FSS) PROGRAM Section 544 of the National Affordable Housing Act established the Family Self-Sufficiency (FSS) Program. The program is administered by the Department of Housing and Urban Development (HUD), and its purpose is to enable participating families to achieve economic independence and self-sufficiency. The program is for certain families residing in public housing or receiving Section 8 assistance. An FSS participant whose rent is increased by HUD due to an increase in earned income will have the rent amount increased placed in an escrow account. The funds will continue to accrue in the escrow account for as long as the family participates in FSS and remains in public housing. The escrow funds cannot be paid to the family as long as they are receiving and federal, state or other public assistance for housing. The funds deposited into these escrow accounts, including any accrued interest, are neither income nor resources for TANF or SNAP. At such time as the family ceases to receive public housing assistance, the funds would be available and but be evaluated as a resource. 552 STOCKS/BONDS Shares of stock represent ownership in a business or corporation. Their value shifts with demand and may fluctuate widely. U.S. Savings Bonds are obligations of the federal government. Unlike other government bonds, they are not transferrable; they can only be sold back to the federal government. U.S. Savings Bonds cannot be redeemed for six months after the issue date specified on the face of the bond. A municipal bond is the obligation of a state or locality (county, town, or special purpose authority such as a school district). A corporate bond is the obligation of a private corporation. A-550.3 Division of Welfare and Supportive Services RESOURCES Eligibility and Payments Manual Vehicle Determination Chart MTL 06/24 Nov 24