AFS Policy: Property

  • Home property – a home is defined as any shelter in which the individual has an ownership interest and which is used by the individual as his/her principal place of residence.  The home may be either real or personal property, fixed or mobile.  Home property includes all property which is adjacent to the home. Policy regarding this term is located at:
  • Income producing – property that is intended to generate rental or other revenues for the owner.  Policy regarding this term is located at:
    • Child Care Subsidy: 
    • SoonerCare (Medicaid)[ABD]:
      • 317:35-5-41.1. Home/real property;
      • 317:35-5-41.5. Purchase of promissory notes, loans, or mortgages; and
      • 317:35-5-42. Determination of countable income for individuals categorically related to aged, blind and disabled.
    • SNAP: 
    • TANF: 
  • Life estate – a life estate conveys upon an individual or individuals for his/her lifetime, certain rights in property.  Its duration is measured by the lifetime of the tenant or of another person; or by the occurrence of some specific event, such as remarriage of the tenant.  Policy regarding this term is located at:
    • SoonerCare (Medicaid)[ABD]:
      • 317:35-5-41.1. Home/real property;
      • 317:35-5-41.8. Eligibility regarding long-term care services; and
      • 317:35-5-42. Determination of countable income for individuals categorically related to age, blind, and disabled.
    • TANF: 
  • Personal property– is property owned by an individual or business which is movable and is not affixed to or associated with the land. Basically, personal property is everything except real property.  Policy regarding this term is located at:
  • Real – That which consists of land, and of all rights and profits arising from and annexed to land, of a permanent, immovable nature. Policy regarding this term is located at:
    • Child Care Subsidy
      • 340:40-7-5. Resources, residence, and citizenship
    • SoonerCare (Medicaid)[ABD]:
      • 317:35-5-41. Determination of capital resources for individuals categorically related to aged, blind and disabled;
      • 317:35-5-41.1. Home/real property;
      • 317:35-5-41.6. Trust accounts;
      • 317:35-5-41.8. Eligibility regarding long-term care services;
      • 317:35-5-42. Determination of countable income for individuals categorically related to aged, blind and disabled;
      • 317:35-9-15. Medicaid recovery; and
      • 317:35-19-4. Medicaid recovery.
    • SNAP: 
    • TANF: 
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