LIHEAP HEATING ELIGIBILITY ASSISTANCE: ASSETS TEST

[Last updated: 12/23/2023]

NOTE: In addition to income, states may look at an applicant households' assets in determining financial eligibility for LIHEAP. The chart below lists eleven states that are currently using an assets test. Among the states, allowable assets range from a high of $25,000 to a low of $2,000. Several states allow higher assets for households with elderly members. States also have different definitions of assets. For more information on variations in assets tests, contact the LIHEAP Clearinghouse.

State FY Description
Arkansas 2024 Any household, regardless of size, that has at least one member who is 60 or over or a disabled member during the month of application cannot have more than $3,250 in assets. The limit is $2,250 for all other households.
Missouri 2024 Each household’s resources may not exceed $3,000
Montana 2024

The household may also have business assets whose equity value does not exceed $25,000. A household having equity value in business assets in excess of $25,000 is ineligible. Formula for determining equity value: Fair Market Value - Less amount owing = Equity value.

Assets Test (Non-Business Resources): 1 household (HH) member - $13,277; 2 HH members -  $19,924; 3 HH members - $21,253; 4 HH members - $22,582; 5 HH members - $23,911; 6 HH members - $25,240; >6 HH members - $26,569.

Resources include, but are not limited to the following:

  1. Cash on hand;
  2. Certificates of deposit;
  3. Checking/savings accounts;
  4. Market value of stocks, bonds, and/or other negotiable resources;
  5. Equity value of real property which is not the primary residence; and
    NOTE: If the applicant owns real property that is being used for business purposes, the equity value of that property is considered Business Equity as opposed to a Resource.
  6. Contract for deed (countable resource if can be sold).

 
Oklahoma 2024 Oklahoma has a liquid resource limit for LIHEAP households. This includes bank accounts, cash on hand, CDs, cryptocurrency, and other investments that can be accessed without penalty to the household. Resources are verified when screening of application indicates declaration of resources is questionable.
Puerto Rico 2024 An assets test is required in our state regulations.

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