We audited the West Virginia Housing Development Fund’s (Fund) Tax Credit Assistance Program (Program) funds awarded under the American Recovery and Reinvestment Act of 2009 (Recovery Act) due to a complaint from the Recovery and Transparency Board. We also audited the Fund’s Program because it was the only housing finance agency across the Nation that had not spent any of its Program funds. Our objective was to determine whether the Fund administered its program in accordance with the Recovery Act and applicable U.S. Department of Housing and Urban Development (HUD) requirements. The Fund generally administered its Program in accordance with Recovery Act and HUD requirements. However, the Fund did not report 38 full-time equivalents (FTE) created during the first three quarters of 2010. We recommend that HUD require that the Fund maintain the FTE data that were not reported until the Federal Government requests the information.