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What is considered an asset and what is the asset limitation?

April 26, 2017ASSET limitation

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What is considered an asset and what is the asset limitation?

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Posted

Assets include all liquid (cash or investment) assets and real estate. Assets do not include dedicated college accounts, retirement funds such as IRAs, or the value of personal property such as cars. Assets will be limited to no more than 20% of the 80% of Area Median Income figure.