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DEPARTMENT FOR AGING AND REHABILITATIVE SERVICES AUXILIARY GRANT PROGRAM NON-SSI RESOURCE ELIGIBILITY 11/18 CHAPTER E PAGE 71 37.4. Proceeds 37.4.1. If Paid in a Lump Sum The proceeds are the net amount the seller receives at settlement. 37.4.2. If Paid in Installments The proceeds consist of: • Any down payment; and • That portion of any subsequent payment that is not interest. 37.4.3. Verifying Proceeds of Sale The individual must provide a copy of the settlement sheet, contract for sale and/ or other evidence that shows the net proceeds of the sale and how paid or payable, i.e.: paid in full at settlement, dates and amounts of down payment and installment payments, interest, etc. 37.4.4. Allowable Uses Of Proceeds Use of proceeds to buy another excluded home includes payment of any costs that stem from the purchase. These include, but are not necessarily limited to: • Down payment; • Settlement costs; • Loan processing fees and points; • Moving expenses; • Necessary repairs to or replacements of the new home's structure or fixtures (e.g., roof, furnace, plumbing, built-in appliances) that are identified and documented prior to occupancy; • Mortgage payments; and • Other costs identified and documented prior to occupancy that stem directly from the purchase or occupancy of the new home. “Using” the proceeds includes obligating them by contract as well as actually paying them out.