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Subject: SNAP Resources

Policy 24.12 Date of Last Review: 11/30/2023 Effective Date: 03/01/2021 Date of Next Review: 11/30/2026 RDA: SW22 Page 2 of 5 4. Stocks or bonds; 5. Proceeds from the sale of property received as a lump sum; 6. Proceeds from an estate settlement received as a lump sum; 7. Pension plans not covered in Exempt Resource. If the cash value of an excluded type of plan is rolled over into a countable resource, the cash value loses its exclusion and the funds will be included in countable resources; 8. Non-Recurring Lump-Sum or Retroactive Payments (see also Actions on Cases Receiving Lump Sum Payments); 9. Gross monthly earned income tax credits or lump sum Earned Income Tax Credit payments are counted in the second month after receipt for new households, new assistance members, or individuals off the program for more than thirty (30) days. Also, any amount of Earned Income Tax Credit remaining after the twelve (12) month exclusion must be considered for individuals receiving SNAP benefits; 10.Equity in real property a. Unless otherwise exempt, the equity of all non-liquid resources such as non-exempt buildings, non-exempt land, recreational properties, and property such as boats, vacation homes, or mobile homes is countable. b. The equity value is determined by subtracting encumbrances (such as a mortgage) from the fair market value of the property. When determining the household’s resource level, consider the resources of excluded household members. See also Treatment of Income, Resources, and Deductible Expenses of Excluded HH members and Treatment of Income, Resources, and Deductible Expenses of Non- Household Members. Exempt Resources Certain resources are not counted when determining eligibility for SNAP. For a list of these exclusions from resources, see SNAP Excluded Resources and Treatment of Vehicles. Verifying Resources Households must report all resources at the time of the interview and at each certification. The Eligibility Counselor will verify all resources and any equity value of all countable resources through documentary evidence or collateral contacts. Documentary evidence is the primary source of verification although collateral contacts (e.g., banks, car dealers, real estate firms, etc.) may also be used to verify any questionable resource. Staff may refer to Verifying Resources, Required Verifications, and FA Standards Desk Guide for assistance with determining and verifying resources. Jointly Owned Resources Resources owned jointly with other person(s) outside the household will be considered available in the entirety to that person and the household unless it can be demonstrated that the resources are inaccessible to the household.