Creating the nursing home facility conversion loan program to be administered by the commissioner of the housing finance agency (HFA) and the nursing home facility conversion revolving loan account in the housing development fund for loans to nursing home facilities for capital and other costs, requiring advice from the interagency long term care planning committee in making the loans; specifying certain loan use restrictions; requiring the commissioner to establish an application process; specifying facility eligibility and loan priorities and terms; authoring grants by the commissioner to facilities to plan for projects eligible for the loans, limit (ra)