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

(1) lease or rent any land, buildings, structures, or facilities included in a housing project;

(2) fix the rentals or charges for property it rents or leases;

(3) own, hold, and improve real or personal property;

(4) acquire any interest in real or personal property in any manner, including the power of eminent domain;

(5) dispose of any interest in real or personal property in any manner;

(6) provide for the insurance of the property or operations of the authority against risks or hazards;  and

(7) obtain from the federal government insurance or guarantees for the payment of any debts secured by mortgages on property included in a housing project, whether or not those debts were incurred by the authority.