Requiring the commissioner of the housing finance agency (HFA) to administer a program to provide grants to local government units for senior assisted housing projects, authorizing commissioner contracts with public or private parties; specifying projects and residents eligibility requirements; requiring the commissioner to develop an application process, specifying certain grant award and local match requirements and providing for projects involving existing nursing homes; appropriating money to the commissioner and authorizing the issuance of state bonds for the program (ra)