Bill
Bill > HB1058
summary
Introduced
01/14/2026
01/14/2026
In Committee
01/14/2026
01/14/2026
Crossed Over
Passed
Dead
Introduced Session
Potential new amendment
2026 Regular Regular Session
Bill Summary
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.
AI Summary
This bill expands the powers of industrial development authorities (IDAs) in Halifax, Henry, and Pittsylvania Counties, and the Cities of Danville and Martinsville, allowing them to focus on promoting safe and affordable housing by using their authority for facilities primarily used for single or multifamily residences. Previously, this was generally restricted to areas where a housing authority had not been established. The bill also specifically grants these IDAs the ability to issue bonds or make grants to fund the construction of affordable housing, further supporting their role in addressing housing needs in these specific localities.
Committee Categories
Government Affairs
Sponsors (2)
Last Action
Continued to next session in Counties, Cities and Towns (Voice Vote) (on 01/30/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://lis.virginia.gov/bill-details/20261/HB1058 |
| Subcommittee #3 Subcommittee Amendment | https://lis.virginia.gov/bill-details/20261/HB1058/text/HB1058AHC2 |
| Counties, Cities and Towns Amendment | https://lis.virginia.gov/bill-details/20261/HB1058/text/HB1058AHC1 |
| BillText | https://lis.virginia.gov/bill-details/20261/HB1058/text/HB1058 |
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