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HB 1058

BillStateVAHouse
Industrial development authorities; housing allowed in certain localities.
About This Bill
Latest Action · Jul 21, 2026
Continued from last session
Session
2027
Introduced
Jan 14, 2026
Primary Sponsor
Eric Phillips· primary

Summary

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A BILL to amend and reenact §§ 15.2-4901 and 15.2-4902 of the Code of Virginia, relating to industrial development authorities in certain localities; housing. Industrial development authorities in certain localities; housing. Allows industrial development authorities in the Counties of Halifax, Henry, and Pittsylvania and the Cities of Danville and Martinsville to exercise their powers with respect to facilities used primarily for single or multifamily residences in order to promote safe and affordable housing in the Commonwealth. Under current law, such powers may be exercised only in a locality where a housing authority has not been activated. The bill also grants industrial development authorities in such localities the power to issue bonds associated with the construction of affordable housing.

Co-sponsors (1)

Madison Whittle · cosponsor

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