Photo by Assembly Corp.
TORONTO, OCTOBER 21, 2025 /CNW/ – PaceZero Capital Partners (“PaceZero”) announced today that it has provided Assembly Holding Corporation (“Assembly”) with a $5 million credit facility. The funding will support Assembly’s continued project development activities across the Greater Toronto Area.
“Canada needs to increase the availability of quality, affordable homes,” said Jordan Peckham, Founder and CEO of PaceZero. “By working with innovative partners like Assembly and The Atmospheric Fund (“TAF”), we’re excited to bring new technologies and production processes to market.”
Founded in 2017 and based in Toronto, Assembly uses modular prefabricated mass‑timber construction to deliver sustainable, low and mid-rise residential buildings. Assembly offers a turnkey solution covering design, permitting, offsite fabrication, and rapid onsite assembly, enabling clients to efficiently develop low-carbon, affordable housing. Assembly works closely with non-profit organizations and Indigenous communities to deliver housing projects.
“Partnerships like this enable real change in how Canada delivers housing,” said Geoff Cape, CEO of Assembly. “With the support of PaceZero and TAF, we’re scaling an approach that marries speed, sustainability, and community benefit. This credit facility allows Assembly to bring more affordable, low-carbon housing to the Greater Toronto Area – supporting people, municipalities, and the environment.”
Canada’s modular housing industry is gaining momentum, supported by municipal, provincial, and federal initiatives to address the urgent need for affordable housing. Assembly uses a repeatable standardized kit of parts and repeatable designs that are fabricated off‑site and assembled efficiently on‑site, allowing Assembly to deliver high‑quality housing projects with speed, precision, and reduced environmental impact.
The Atmospheric Fund (TAF), an early investor in Assembly, has provided a loan guarantee for PaceZero’s credit facility, due to the high greenhouse gas reduction impacts of Assembly’s approach to building housing.
“We’re always seeking ways to ‘crowd in’ private investment into low-carbon development,” said Kristian Knibutat, VP Impact Investing, The Atmospheric Fund. “A loan guarantee is an excellent way for us to help catalyze this promising industry. Fast, affordable, and low-carbon — this is the way Canada should be building homes.”
ABOUT
PaceZero Capital Partners – PaceZero Capital Partners is an independent sustainability-focused private debt firm, headquartered in Toronto, Canada. PaceZero executes credit investments in established, high-growth companies developing innovative technologies that drive improved social and environmental outcomes.
Assembly Holding Corporation – Assembly, formerly known as R-Hauz, is a turnkey developer of modular prefabricated mass‑timber low-rise, mid-rise, and residential buildings. Assembly partners with community organizations, developers, and municipalities to develop affordable low-carbon housing.
The Atmospheric Fund – The Atmospheric Fund (TAF) is a regional climate agency that invests in low-carbon solutions for the Greater Toronto and Hamilton Area and helps scale them up for broad implementation.
MEDIA CONTACTS
PaceZero Capital Partners
Ryan Finn
rfinn@pacezero.com
The Atmospheric Fund
Julie Leach
jleach@taf.ca
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