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HUD Secretary Shaun Donovan spent time on Capitol Hill in May testifying before the House of Representatives Committee on Financial Services about an important new development at the Department, which involves the Preservation, Enhancement and Transformation of Rental Assistance Act (PETRA).
PETRA is a multi-year initiative proposed in President Obama's fiscal year 2011 budget that seeks to preserve HUD-funded public and assisted housing, enhance housing choice for residents, and streamline the department's rental assistance programs.
