No, we simply need to (the state level is the most likely place to do this) strip localities of the power to limit housing density by zoning restrictions and discretionary de ial or delay of permitting.

That’s the barrier to adequate housing everywhere there is unmet demand driving high prices. You don’t need either monetary (interest rates) or fiscal (taxes/subsidies) hammers to get supply built, not will you do much by hitting the problem with those hammers as long as localities are literally prohibiting building.