The NPIC relies on your ignorance of the scale of the housing crisis. This article, as poorly written and argued as it is, appears to commit the same mistake. "Hundreds of millions of dollars" is nothing, can make no impact in a city the size of Seattle. In Berkeley, where I live, every little apartment building costs at least $100 million. That's just how much a building costs these days. Private industry in my county spent $6.8 billion on new construction last year. If you live in a county of several million people and the NPIC plan of record is to spend low hundreds of millions over a decade, that indicates that your local NPIC intends to perpetuate the housing crisis, which makes sense for them because otherwise they would need to get new jobs.
The only serious response to the American housing crisis involves West Coast cities spending at least $10k per capita per year on new construction for the foreseeable future. At least 95% of this money needs to come from private investment.