OLGT 2021-85: TAFDC and EAEDC: Asset Eligibility Limits Eliminated
A change in legislation has eliminated the asset limits for both the TAFDC and EAEDC programs. This change is retroactive to July 1st, 2021.
Effective immediately, assets will no longer be counted when determining eligibility for TAFDC and EAEDC. Assets include but are not limited to bank accounts, vehicles, personal property, real estate, the cash surrender value of life insurance, cash on hand and bank deposits.
Additional information is forthcoming regarding regulatory changes, eligibility, and next steps for families that were closed or denied due to asset limits on or after July 1st, 2021. Until BEACON changes are completed, staff will receive ongoing reports of cases pending to close or denied for assets. Staff are to approve these cases if otherwise eligible.
|OLGT 2021-85 asssets.pdf (243.67 KB)