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323 (07/2026) Chapter 2:Eligibility • Section 5: Financial eligibility Treat the equity value of income-producing property as follows: • For REF, REFM and TANF, count it as a resource. • For EA and ERDC, exclude it. • For SNAP, count as a resource unless one of the following is true:
Exclude the equity value of property that produces an annual countable income similar to other properties in the community with comparable market value.
Exclude the equity value of income-producing livestock, poultry and other animals.
Exclude the equity value if selling the resource would produce a net gain to the financial group of less than $1,500.
Exclude the value of work-related property or capital assets under OAR 461-145-0600. • For OSIPM, count as a resource, except as follows:
Exclude up to $6,000 of the equity value if the property produces an annual countable income of at least six percent of its equity value. If the income drops below that for reasons the individual cannot control, they have 2 years from the end of the tax year in which the earnings first dropped to increase it up to 6% or more.
Exclude any government permits issued to the individual for the purpose of making money (such as a commercial fishing permit). This means the value of the permit is excluded, not the fishing boat, equipment, or supplies (unless we can exclude $6,000 per the previous bullet). For HSD medical programs, income from income-producing property is counted for monthly and annual income. Click here for examples: Income-producing property. Oregon Administrative Rule(s) 461-145-0250 — Income-Producing Property; Not OSIP, OSIPM, or QMB 410-200-0015 (51) and (52) — General Definitions 461-145-0600 — Work-Related Capital Assets, Equipment, and Inventory 461-145-0930 — Self-Employment; Determination of Countable Income 461-145-0920 — Self-Employment; Costs That Are Excluded To Determine Countable Income 461-145-0252 — Income-Producing Property; OSIP, OSIPM, and QMB 461-145-0250 — Income-Producing Property; Not OSIP, OSIPM, or QMB 461-145-0910 — Self-Employment; General; Not OSIP, OSIPM, or QMB 461-140-0020 — Availability of Assets 410-200-0015 (54) and (55) — General Definitions 414-175-0035 — Specific Financial Requirements Income-producing sales contract An income-producing contract is an agreement between two parties where one party is to pay the other party on an ongoing basis for property or goods. A common income-producing contract exists when the participant sells land or a home to another party and the other party pays the participant an agreed upon monthly or periodic