To be eligible, a family’s countable assets must not exceed $1 million.
Families declare whether their assets meet this limit when they complete an application or redetermination.
Families must report changes that put their assets over $1 million. Families are informed of this requirement on the CCAP Change Report Form DHS-4794 (PDF) and the Reporting Responsibilities for CCAP Families DHS-6953 (PDF) brochure.
Whether the family meets the asset limit may be unknown if the family did not answer the question or an older version of a form was used. Methods to follow up include:
To determine if you are eligible for child care assistance you must answer the question below. Assets include cash, bank accounts, vehicles, investments, and real estate (other than your home). Do not include the home you live in, personal belongings, or self-employment assets.
Are your family’s assets $1 million or less?
__ Yes, my family’s assets are $1 million or less.
__ No, my family’s assets are more than $1 million (your worker will contact you for more information).
If a family submits a version of the CCAP Change Report Form DHS-4794 (PDF) during the 12-month eligibility period that does not have the asset limit question, no further action is needed.
The Child Care Development Block Grant Act of 2014, Public Law Number 113-186
Federal Child Care and Development Fund, 45 C.F.R. § 98.2