We investigate the nonequilibrium dynamics of periodically driven Tomonaga-Luttinger liquids (TLLs) coupled to a thermal bath using a Floquet-Lindblad approach. When the coupling to the bath satisfies detailed balance, we obtain a condition for parametric instabilities to be suppressed, symmetrically for both chiralities. Remarkably, by designing a purely chiral coupling to the bath, instead of instability suppression, we uncover a driven-dissipative phase transition between the former symmetric parametric instability and a new chiral parametric instability. In the latter, a single chirality of bosonic quasiparticles gets exponentially amplified, leading to a dynamical chiral imbalance within the TLL, reminiscent of the non-Hermitian skin effect.