It's sickening. These people don't care about improving people's living conditions. They care about extracting more and more and more money by exploiting a crisis that they have had a hand in creating.
There hasn’t been a single example of a government providing good housing at scale anywhere in the world though. If your target is effectively slums, then sure, form a government who has no incentive to compete for tenants with improvements.
Let's see if innovation, driven by greed, can change it.