• erickearney

Will ABLE Accounts Affect Section 8 in Oregon?

I passed along the question of "whether an ABLE account would be a barrier to subsidized housing" to David Bell, who is outreach director for Oregon's ABLE program, to see if he had heard anything definitive from our Regional Office.

David indicates that he has been in contact with the NW region contact at HUD. They have confirmed that funds from an ABLE account will not count against HUD services like Section 8, but that it might take a bit of time for HUD to formally update their regulations and handbooks.

Within HUD's different regions, there seems to be some conflicting information (possibly because their regs were not updated before he implementation of the Act). California (in a different region than we are) is leading the effort in getting Secretary Castro to put out an official statement at the national level confirming that ABLE accounts will not have an effect on Section 8.

In Oregon, it seems that the ABLE accounts will not impact Section 8. However, it might be a little while until the people on the ground administering the program have rulebooks and handbooks that specifically addresses ABLE accounts.

#ABLE #SpecialNeeds

226 views0 comments

Recent Posts

See All

Married Couples Need an Estate Plan

Don’t assume your estate will automatically go to your spouse when you die. If you don’t have an estate plan, your spouse may have to share your estate with other family members. If you die without an

When Should You Update Your Estate Plan?

Once you've created an estate plan, it is important to keep it up to date. You will need to revisit your plan after certain key life events, including marriage, the birth of children, divorce or the d

Law Office of Eric M. Kearney, LLC

4511 SE Hawthorne Blvd. Ste 215

Portland, OR 97215

(503) 205-7051

View my profile:

  • LinkedIn App Icon