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SNAP CERTIFICATION MANUAL – SECTION 7000 7400 Resource Eligibility 7431 Denying Applications When Resources ExceedLimits

Name of Resource How Handled Policy Reference Security Deposits Exclude as a resource. SNAP 4550 Stocks Count current per stock value times the number of stock held by the household. SNAP 4670 Trust Funds Exclude as a resource only if inaccessible as defined in SNAP 4510. If accessible, count full value of fund. SNAP 4510 Vacation Homes (Includes time-share condominiums, R.V. parks, etc.) Count equity value unless the property annually produces income consistent with its fair market value. SNAP 4700 Vehicles See SNAP 4800-4870. SNAP 4800-4870 7420 Determining Total Resources SNAP Manual 7/01/98 To determine the household’s total resources, the worker must add together: a) countable liquid resources, b) the excess value of all countable vehicles, and c) the equity value of all countable non-liquid resources. The resulting figure will be compared to the applicable resource limit.

7430 Limits for Total Allowable Resources SNAP Manual 04/01/2024

Resource Limit - The SNAP program has a resource limit. The amount of resource limit varies based on the type of SNAP household. Please see Appendix D for resource limits for Regular and Aged/Disabled households.

Categorically eligible households have no resource limit in the Supplemental Nutrition Assistance Program (see SNAP 1920). The resources of individuals who receive SSI or Temporary Assistance for Needy Families (TANF) are not counted when determining eligibility for SNAP because these are considered categorically eligible households. For example, The Monroes are resource-eligible since there is a member over sixty (60) years of age.