The housing market and auto sales showed substantial growth last month.
Grants could give homeowners as much as $18,000 depending on their need.
Numbers released by the Indiana Association of Realtors shows housing prices are up in parts of the state and the number of pending home sales is also up.
According to the Indiana Housing and Community Development Authority, more Hoosiers are filing for foreclosure this year compared to 2010.
Investigations into the foreclosure process prompted temporary halts from some servicers late last year, creating a bottleneck.
IU assistant professor Ashlyn Nelson is working with researchers from various universities to see whether there's a connection between education and foreclosure