ASSETS
ISSUE DATE: 03/2026
MFIP, MSA, GA, HSP:
All programs allow clients to own or have available a limited amount of assets and still be eligible for assistance. Count the value of countable assets that are available and not explicitly excluded. See 0015.03 (Asset Limits). Also see the following sections:
Count assets of clients or units. See 0015.48 (Whose Assets to Consider) for a list of other people whose assets count.
In some programs there are special methods for computing the counted values of some assets. See:
Clients are allowed to reduce assets to attain or retain eligibility for programs only by specific methods and within specific limits. See 0015.69 (Asset Transfers).
In some cases, it is possible to waive rules governing retention of assets because of hardship or special program considerations. See 0015.78 (Waivers of Asset Rules). However, in most situations, terminate or deny eligibility if clients do not reduce net countable assets in excess of the limits by allowable means within specified time limits. See 0015.72 (Excess Assets - Applicants), 0015.75 (Excess Assets - Participants).
SNAP:
Only non-categorically eligible SNAP units ARE subject to an asset test. Categorically eligible SNAP units are NOT subject to an asset test. See 0013.06 (SNAP Categorical Eligibility/Ineligibility) to determine categorical eligibility or ineligibility.
See 0015.81 (Assets – SNAP) and 0015.84 (Excluded Assets – SNAP) for the SNAP asset policies for non-categorically eligible SNAP units. ![]()
![]()
![]()
PREVIOUS REVISIONS
| Date | Notes |
|---|---|
| 09/2025 | removes cross-reference 0015.27 (Assets – Income) due to the removal of this section. |
| 05/2025 | in SNAP, adds that non-categorically eligible SNAP cases are subject to an asset test. |
| 05/2016 | updates section due to Legislative changes for Program Uniformity/Assets. |
| 12/2014 | update cross-references to 0013.06 (SNAP Categorical Eligibility/Ineligibility) due to section title change. No policy was changed. |
Report this page