The IHCDA is working with FEMA and the Department of Homeland Security to buyout homes across the state that are in areas prone to flooding.
FEMA is granting Indiana's appeal to help pay for the expenses counties incurred during winter storms earlier this year.
Indiana asked the federal agency for assistance in cleaning up after winter storms hit the state in January.
The governor is asking for assistance for Daviess, Fountain and Howard counties after tornadoes swept through the state in November.
Mayor Greg Ballard is asking FEMA to help offset the millions of dollars the city spent in snow removal, shelters and repairs after last week's snow storm.
The Federal Emergency Management Agency decided Indiana's damage was not extensive enough to qualify for assistance.
Local and federal agencies are conducting additional damage assessments to determine whether the state can receive federal aid after last month's tornadoes.
Gov. Pence requested Howard County be classified as a federal disaster area after the Nov. 17 tornadoes, but FEMA denied that request yesterday.
But without additional help, the cash amounts to a drop in the bucket.
Monroe County resident John Talbott must pay for flood insurance because architectural renderings were not followed when building his house.