Seven affordable housing initiatives across the Bay State have received more than $10.2 million in the form of grants, loans and subsidies from the Federal Home Loan Bank of Boston, which will fund 390 units of affordable rental and ownership housing.

Housing developments in Beverly, Boston, Dorchester, Framingham, Greenfield, Lawrence and Watertown will receive funding. Nearly $4 million of the total funding is in the form of a grant and subsidy.

In all, 24 initiatives in eight states received more than $22.8 million in grants, loans, and rate subsidies as part of the bank’s Affordable Housing Program to create or preserve 816 rental and ownership units for very low-, low-, and moderate-income individuals and families.