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I think I can agree with most of your points, within limits of course. Developers, like all corporations, are not to be trusted to have the people's best interests at heart. They're not the good guys. Their interests just happen to align right now with what is best for people.
Giving the people a voice is important, as is preventing a complete orgy of development, but I don't think we're in any danger of developers running rampant. This isn't Florida. It's a thing to keep in mind, but as of now "giving the people a voice" often means paying bribes to extortionary groups like Calle 24 and hoping they don't double-cross you and sabotage your planned building.
Public housing, in my opinion, is the latest red herring, a shiny buzzword that NIMBYs throw out to distract people with good intentions. It's the same strategy as the tired old "all new development must be affordable" poison pill argument they've been using. I don't see any downside to government pursuing public housing, per se, but doing it instead of allowing private development is just another shady delaying tactic to prevent development at all.
Firstly, as I mentioned, the ones supposedly running the public housing project (BoS typically) are the ones who have been obstructing housing all along. It's the fox guarding the henhouse. I don't want to doxx myself but there's a public housing project going up near me. It's taken almost twenty years to build and is just now taking applications.
Which segues into my second point: SF governance, even when done in good faith, is wildly inefficient. We desperately need some oversight in many different areas of government. There's a whole shadow government of nonprofits and contractors that exists solely because we can't get out of our own way, so we have to hire someone else to do it.
But to me the most important point is - and I want you to think about this for a minute - why should public housing construction preclude private housing construction? The two are almost entirely unrelated. There is no reason whatsoever that they can't be done in parallel. Public housing requires government funds, but private construction only requires the relaxing of current zoning laws and regulations like CEQA. That's all. It's a false dichotomy.
The only reason for anyone to ever say "we should do public housing construction instead of private housing construction" is to try to stop private housing construction. Not out of any concern for the public good. If the people crowing about public housing actually gave a shit about housing affordability, they would be talking about it in parallel with private development. Or at the very least they would be indifferent to private development. The fact that they're arguing for public housing instead of private development shows their true colors.