concerning applications for affordable housing programs and money in and issued from the housing development grant fund; creating a process for reviewing and approving applications for all affordable housing programs by the division of housing; making modifications to the "City Housing Law" to allow a city to own or lease and manage, operate, or maintain, or contract for management, operation, or maintenance of housing projects; and specifying the requirements for an application and annual reports for purposes of a property tax exemption for a community land trust or nonprofit affordable homeownership developer for property that has been subdivided.