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HarborOne

HarborOne’s Profits Slow from Last Year

Following a busy quarter that included an acquisition and rebranding of some of its mortgage operations, the parent company of Brockton-based HarborOne Bank reported net income of $2.3 million, or $0.07 per diluted share, for the first quarter of 2018, compared to $2.7 million, or $0.09 per diluted share, for the same quarter last year.

Community Good Works

Freedom Credit Union, Skanska and Walpole Co-operative Bank are among the organizations giving back to their communities in this week’s roundup.

lira2018-q1

Home Renovation Spending Strong in Q1, Expected to Continue

The robust pace of spending on home renovations and repairs is expected to stay strong over the coming quarters, according to the Leading Indicator of Remodeling Activity released today by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.

Pac 10 Lots in Lawrence prior to redevelopment.

MassHousing Provides $28M for Adaptive Reuse in Lawrence

MassHousing has closed on a total of $28.8 million in financing for the creation of a new, 180-unit affordable housing community in Lawrence, where Reed Realty Advisors will turn a section of the former Pacific Mills cotton complex into new mixed-income housing for households with a range of incomes.

Somerville Nonprofit Receives $6.9M in Financing

MassDevelopment has issued a $6.9 million tax-exempt bond for Somerville Community Corp. Inc., a nonprofit that supports low- and moderate-income Somerville residents by promoting and preserving affordable housing.

Boston PE Firms Snaps Up Payments and Software Companies

Global private equity firm Advent International has completed the acquisition of a majority stake in Clearent, a leading full-service payments solution provider, and the acquisition of FieldEdge, a leading field service management software provider.