PM 07-02-04-b

Income Producing Property

For Revised textCash cases with income-producing non-homestead property, complete Recommendation Regarding Retention of Income Producing Non-Homestead Property (Revised textIL444-0126). Send Revised textIL444-0126 to:

Department of Human Services
Bureau of Revised textProgram and Performance Management
100 South Grand Avenue East
Springfield, IL 62762

New textDo not complete IL444-0126 for Medical Only cases. For unusual situations, FCRCs may submit a Request for Specific Case Guidance (IL 444-2150) to the Bureau of Medical Eligibility and Special Programs (BMESP; "HFS Policy").

Customer with Fractional Interest in Property

When a Revised textcustomer owns a fractional interest in property, and it appears they would suffer a serious loss from the sale of their interest, send the following information to the Bureau of Revised textProgram and Performance Management in Springfield New textusing IL444-0126:

  • how the title is held;
  • name of title holder;
  • current appraised market value;
  • gross income from the property, if any;
  • property expenses;
  • age of the owner, if their equity is limited to life interest; and
  • status of other owners of fractional interests, and other social factors affecting ownership.

Extending Time Limit on Sale of Property

When the FCRC believes that a Revised textCash customer should get an extension of the 6-month period to sell non-homestead property, request approval in writing from the Bureau of Revised textProgram and Performance Management in Springfield. The written request must include the following information:

  • Is the asking price more than the appraised value? If so, why?
  • Is the property marketed through a qualified realtor who is acting in good faith?
  • Is there a substantial market for this type of property in the community?
  • FCRC's recommendation.

New textFor Medical Only cases, complete and submit a Request for Specific Case Guidance (IL 444-2150) to the Bureau of Medical Eligibility and Special Programs (BMESP; "HFS Policy").