COLUMBUS, Ohio (AP) -- The financial meltdown has come down hard on the nation's housing finance agencies, which provide tens of thousands of mortgages to first-time poor and moderate-income home buyers.

West Virginia has stopped going to market with bond sales, as has Illinois' housing development authority. Ohio canceled a long-planned $150 million bond sale after the credit markets froze. Wisconsin suspended its entire loan program.

California temporarily suspended two of its long-term loan programs and removed two other down payment assistance programs.

"The banks are getting all this money and we don't have access to anything," said Ken Giebel, spokesman for the California Housing Finance Agency. "The people who were part of the problem, which we weren't, are getting support and being bailed out and we can't do our programs."

At issue is the ability of the housing agencies to borrow the money they need to process mortgages by selling bonds at affordable interest rates. As the financial crisis exploded, it was virtually impossible to sell bonds at all, especially those associated with mortgages. As the markets have opened up, some sales are possible but at higher interest rates, which mean higher costs to taxpayers.

New York's housing finance agency sold $110 million in bonds a week ago, for example, but at more than a full percentage point higher than earlier this year.

The squeeze on credit also is coming at a time when unemployment is rising and revenue from property, sales and other taxes is falling -- in some cases sharply.

State HFAs helped finance 119,920 mortgages in 2006, according to the most recent data. That's a fraction of the six-plus million homes sold a year, but it represents an important segment of the housing market: first-time homeowners who might not be wealthy but have money for down payments and good credit histories.

The agencies offer only traditional, fixed-interest, long-term mortgages and often require home buyers to undergo counseling about home buying before receiving a loan.