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33 | P a g e October 25 doubt exists that the residence is uninhabitable, verification by a disinterested third party such as a realtor or a city or county health department may be required. SALE OF THE PRIMARY RESIDENCE: The proceeds from the sale of the primary residence are not included as income, and are excluded as a resource, for twelve (12) months from the date of sale of the primary residence if the applicant was living in the residence at the time of the sale. The date of the sale of the residence must be documented in case notes. If the applicant was not living in the residence at the time of the sale, then the residence would not be considered the primary residence, and the proceeds would be included. • If the sale of a personal resource is received in installment payments, the payments are countable income (Example: Contract for Deed) • the installment contract (Example: Contract for Deed) cannot be readily liquidated (e.g., language states that it cannot be sold to a bank or other financial institution), it is inaccessible and excluded as a resource. • If proceeds from the sale of a personal resource are received in ONE payment, it is not income but is considered a resource until spent. LAND: • INCLUDE: Land not connected or contiguous with the primary residence of the household. • EXCLUDE: Land connected to or contiguous with the primary residence of the household regardless of the size or number of acres of land. TAX RETURNS: Excluded, Tax returns are not counted as a resource. PENSION PLANS: The following types of retirement savings and pension plans are excluded as a resource, however distributions from these plans are counted as income during the month the distribution is taken. • 457 Plans • 401(k) Plan • SIMPLE 401(k) • Pension or traditional defined-benefit plan – employer-based retirement plan that promise retirees a certain benefit upon retirement regardless of investment performance. • Public Employee Retirement System (PERS) • Federal Employee Thrift Savings Plan • Section 403(b) Plan • Section 501(c)(18)