The count was taken on Jan. 27 as required by the U.S. Department for Housing and Urban Development.
The count shows there are more than 6,000 homeless people in Indiana – veterans make up 12 percent of that total.
Eligible residents will receive a $290 dollar credit on their winter electric or gas bill.
The apartments are slated to be finished by December 2013 and can accommodate 40 individuals in one bedroom apartments.
According to a study from RealtyTrac, Indiana ranks 10th in the nation in home foreclosures.
According to the Indiana Housing and Community Development Authority, more Hoosiers are filing for foreclosure this year compared to 2010.