The issue here is buying power is dramatically dropping which is a function of both wages and prices. Raising the minimum wage alone won’t fix that; instead, price controls will have to be implemented such that all housing is bought back down to prices that are satisfactory to consumers. That can’t happen without federal legislation.
Rent control is absolutely not the solution. Building more is the solution.

Only for it to be snapped up by corporate interests and not handed to the families that actually need it.

We need a list of all of the families and single people looking for a primary residence, build new housing, and just give it to them first. No buying allowed.

Ehhh, you’ve got the right spirit, but that won’t happen lol.

What would be useful is banning, or at least limiting, speculative real estate ownership. A liveable home being unoccupied for no productive reason is a massively arrogant thing for a society to allow.