Indiana Code Title 5. State and Local Administration § 5-20-5-17

Sec. 17. An eligible entity must allocate at least fifty percent (50%) of the money received in program grants to a nonprofit corporation (as defined under Section 501(c) of the Internal Revenue Code),  1 to a public housing authority (as defined in IC 36-7-18) or to a unit of government (as defined in IC 36-1-2-23).  Money received in program grants that is not allocated to a nonprofit corporation, a public housing authority, or a unit of government may be allocated to private developers of housing and other private development entities as determined by the eligible entity.