TN 66 (05-11)
The Value of the One-Third Reduction (VTR) never applies when a beneficiary is in
his or her own household. Any ISM the beneficiary receives is subject to the Presumed
Maximum Value (PMV) rule.
A beneficiary is living in his or her own household when any form of ownership of the home belongs to:
his or her living-with eligible spouse; or
any person whose income may be deemed to him or her.
Accept an individual's allegation of home ownership on an application unless:
there is some indication to the contrary; or
he or she is a child under age 18, who is not living with his or her parent(s).
If you cannot accept an allegation, for development and documentation of home ownership,
see SI 01130.100C.
Accept an individual's allegation of home ownership unless:
the allegation is inconsistent with information on the supplemental security record
the beneficiary moved and alleges ownership of the new residence; or
there is a report of a change in ownership.
If you cannot accept an allegation, follow instruction in SI 01130.100C.
For additional information on home ownership:
SI 01110.515, Ownership in Fee Simple or Less Than Fee Simple