Indiana Code Title 36. Local Government § 36-7-18-16

(1) prepare, carry out, acquire, lease, and operate housing projects;  and

(2) provide for the construction, reconstruction, improvement, alteration, or repair of all or part of a housing project.

(1) two thousand dollars ($2,000) per room;

(2) ten thousand dollars ($10,000) per room, if the accommodations are designed specifically for persons of low income who:

(3) any greater amount established by the federal government as the basis for computing any of its annual contributions.

(1) compliance with the cost limitations in subsection (b) would require the sacrifice of sound standards of construction, design, and livability in a project;  and

(2) there is an acute need for the proposed housing;