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324 (07/2026) Chapter 2:Eligibility • Section 5: Financial eligibility payment. For all programs, count the income received from the sales contract as a sale of a resource. Treat the equity value of an income-producing sales contract as follows: For OSIPM: • Exclude the equity value of a contract resulting from the sale of a home if the entire principal portion of the payments received from the contract is used to purchase another home within three calendar months of receipt of the payments. • Otherwise, count the outstanding principal balance of the contract as a resource unless the individual provides convincing evidence of a lower cash value or there is a legal bar to the sale of the contract. If there is a legal bar to the sale of the contract, the equity value of the contract is a transfer of assets for less than fair market value. • Except as provided in the previous bullets, exclude it. For HSD medical programs, sale of a countable resource is counted for monthly and annual income. Oregon Administrative Rule(s) 461-145-0240 — Income-Producing Sales Contract 461-145-0460 — Sale of a Resource 410-200-0015 (54) and (55) — General Definitions 414-175-0035 — Specific Financial Requirements Independent living subsidies/Chafee Housing Program Independent living subsidies are payments made and services provided by Child Welfare to children ages 16 through 20. These payments also include payments under the Chafee Housing Program. The subsidies are to assist the individuals to live independently when their foster care payments were discontinued on or after the date they reached 16 years of age. Note: For a description of these payments, see OARs 413-030-0400 to 0455. In ONE, Independent Living Subsidies including Chafee Housing Payments are coded on the Unearned Income screen: • Unearned Income Category – Other Income • Unearned Income Type – Youth Transitions Program Subsidies including Chafee Housing Payments For all programs except EA and SNAP, exclude all independent living subsidies issued by Child Welfare. For EA and SNAP, count the payments as unearned income. For HSD medical programs, exclude Youth Transitions program subsidies, including Chafee Housing Payments for monthly and annual income. Note: See Educational income for Chafee Education and Training Grant.