Environment
No direct effect
Neutral — no direct effect identified.
Benefits
- No material direct effect identified.
Risks
- No material direct effect identified.
StateVirginiaIntroduced
HB 1058: Industrial development authorities; housing allowed in certain localities.
Eric Phillips
HB 1058 status: Introduced — Continued from last session (updated Jul 21, 2026).
Source
OpenStates
Confidence
Low
Analysis basis
OpenStates summary
01
What this bill does
Official summary alongside an AI-generated read on where it stands and why.
Overall Score
68OUT OF 100
Score:68/100 civic fit
Risk:Moderate Risk
Impact:Moderate Impact 55/100
Constitutionality90%
Bipartisan50%
Public opinion50%
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.
02
Impact analysis
✦ AI analysisModeled effects across six domains, estimated from bill text and comparable legislation.
Economy
Positive outlook
70%
Benefits
- Increases construction activity via bond financing
- Provides new capital access for local residential development
- Stimulates housing investment in targeted localities
Risks
- Risk of local government debt for residential projects
- Potential market distortion vs. private developers
- Administrative overhead for industrial authorities
Society
Positive outlook
75%
Benefits
- Increases availability of affordable housing
- Improves residential options for regional residents
- Supports community stability and housing access
Risks
- Risk of gentrification or displacement
- Lack of standardized definition for affordability
- Limited geographic scope may exclude similar regions
Technology Industry
No direct effect
Neutral — no direct effect identified.
Benefits
- No material direct effect identified.
Risks
- No material direct effect identified.
Civic Accountability
Positive outlook
60%
Benefits
- Explicit legislative authorization for housing activity
- Utilizes existing public industrial authority structure
- Bonds subject to established public issuance processes
Risks
- Overlapping jurisdiction with active housing authorities
- Potential for mission drift in industrial authorities
- Opaque decision-making regarding project selection
Public Health & Safety
Positive outlook
65%
Benefits
- Direct promotion of safe housing standards
- Support for housing vulnerable populations
- Potential reduction in overcrowding in residential areas
Risks
- Quality control risks in large-scale IDA projects
- Maintenance and long-term upkeep of residential sites
- Potential for prioritizing cost over construction quality
03
How trustworthy & consequential it is
Sourcing already shown above, this is what the analysis found worth flagging.
Source
OpenStates
Official bill text or data from OpenStates.
Confidence
Low
Information is limited or incomplete.
Analysis basis
OpenStates summary
Source used for this bill's analysis.
Source note
Expanding industrial authority powers into housing carries risks of agency mission drift and potential lack of specialized housing management expertise.
Analysis scope
Source provided is a summary; full bill text details on bond limits or oversight are unavailable.
04
Where it stands
Official record- IntroducedCurrent
- CommitteeUpcoming
- Chamber votesUpcoming
- Final agreementUpcoming
- GovernorUpcoming
- EnactedUpcoming
05
How it affects your district
✦ Personalized
Set your location
Add your district to see how this bill may affect your community and who to contact.
Your Representatives
Your representatives appear here once you add your location.
06
Take action
Contact your representatives
Let them know how you feel about this bill.
Share your view
Join the discussion and see what others are saying.
Track this bill
Stay updated on progress and changes.