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DEPARTMENT FOR AGING AND REHABILITATIVE SERVICES AUXILIARY GRANT PROGRAM NON-SSI RESOURCE ELIGIBILITY 11/18 CHAPTER E PAGE 15 Have the individual obtain a CMV estimate from a knowledgeable source. The estimate must: • Clearly identify the source; • Contain a description of the item whose CMV is being estimated; and • Show the basis for the estimate. If a knowledgeable source provides a value range, use the lower edge of the range. 8.4. Verification When an individual alleges owning property that he or she uses to produce goods or services necessary for daily activities, obtain his or her statement giving: • A description of the property; • How it is used; and • An estimate of its CMV and any encumbrances on it. Absent evidence to the contrary, accept the statement of how it is used.

9. Property Essential to Self-Support Exclusion 3 - Excluded up to $6,000 Equity If It Produces a 6 Percent Rate of Return Non-business property essential to self-support can be real or personal property. 9.1. Exclusion Up to $6,000 of the equity value of non-business income producing property can be excluded from resources if the property produces a net annual return equal to at least 6% of the excludable equity. The property must be in current use or, if it is not in use for reasons beyond the individual's control, there must be a reasonable expectation that the required use will resume. Any portion of the property's equity value in excess of $6,000 is a countable resource. Evaluate the income as unearned income. See Chapter – I.

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Page 26

Official source

DEPARTMENT FOR AGING AND REHABILITATIVE SERVICES AUXILIARY GRANT PROGRAM NON-SSI RESOURCE ELIGIBILITY 11/18 CHAPTER E PAGE 15 Have the individual obtain a CMV estimate from a knowledgeable source. The estimate must: • Clearly identify the source; • Contain a description of the item whose CMV is being estimated; and • Show the basis for the estimate. If a knowledgeable source provides a value range, use the lower edge of the range. 8.4. Verification When an individual alleges owning property that he or she uses to produce goods or services necessary for daily activities, obtain his or her statement giving: • A description of the property; • How it is used; and • An estimate of its CMV and any encumbrances on it. Absent evidence to the contrary, accept the statement of how it is used.

9. Property Essential to Self-Support Exclusion 3 - Excluded up to $6,000 Equity If It Produces a 6 Percent Rate of Return Non-business property essential to self-support can be real or personal property. 9.1. Exclusion Up to $6,000 of the equity value of non-business income producing property can be excluded from resources if the property produces a net annual return equal to at least 6% of the excludable equity. The property must be in current use or, if it is not in use for reasons beyond the individual's control, there must be a reasonable expectation that the required use will resume. Any portion of the property's equity value in excess of $6,000 is a countable resource. Evaluate the income as unearned income. See Chapter – I.