The tax credits will benefit E-on Climate and Renewables and juwi, two energy companies building wind farms in Indiana.
The apartments are slated to be finished by December 2013 and can accommodate 40 individuals in one bedroom apartments.
Farbest Foods is investing nearly $70 million in the new processing plant. The state is offering the company $3.8 million in conditional tax credits.
The IHDCA cited recent Indiana legislation that cut off funding for organizations that perform abortions; PPIN says the new law shouldn't impact the program.