Is it a good idea to have more apartments for sale to alleviate the housing crisis?

Layman question incoming: Is it a good idea if a state passes legislation where apartment complexes are required to allow at minimum 5% of their units for market value (or whatever the average list price is for houses with similar bedroom/bathroom numbers are minus the lot value) as condos to alleviate the home ownership problem in the US?

The property rules in the normal lease still apply for things like shared spaces, trash, etc like an HOA.

In my mind, this will increase the supply of homes available for purchase (especially for people closer to a city center) but I'm not sure if there are any reprucussions I'm missing.