My apartment is rent controlled because it is older then 15 years old. New construction in California isn't rent controlled in the beginning though. It's quite old,. has asbestos in the walls, so it is cheaper than the other places nearby.

Rent increases in a neighborhood always make people unhoused and new construction reduces the rent slightly. It's not a solution to that at all.

Hopefully removing parking minimum requirements lets some non-luxury things are built. Cars are expensive so it is dumb that an apartment targeting towards people without cars could not be built.