Described as "monastic-inspired", the Community of St Anselm is organised by the Archbishop of Canterbury Justin Welby and hold at his residence, Lambeth Palace in central London.
Participants may keep their regular jobs or studies but pray, worship, study, volunteer and spend time together to help build "a community that loves and grows and prays amid the pressures of normal daily life."
Anyone interested in signing up for a non-resident place on the ten-month programme, which starts in September and costs £4,700, has until Thursday.
Non-resident member, Katie, who lives and works in central London, said about her experience over the last ten months: "I was concerned that I wouldn't have the time or the ability to really be committed to the experiment, while working a full-time job.
"It's been really amazing that although I do have a busy job and I'm also married and have a family life, it is possible to make time, even a lot of time, for God and for pursuing faith."
Fellow non-resident participant, Ignacio, said: "For people who are considering applying, if you look at the amount of activity the Community involves, you might never do it... Do it!
"Give the time to God. I would never have assumed that I would be able to do all that I did, and God made it work. Spend the time. This is one year very well spent."
Members from the first year's intake at the Community of St Anselm were joined by family and friends last week for a special commissioning service were the Archbishop prayed for them.
Speaking during the service, the Archbishop said: "It's not just about taking resident and non-resident members and somehow putting them through a sausage machine comprised of St Francis and St Benedict and St Ignatius ...its not about that.
"It's about enabling you to trust the God who will use you to feed the world, and enabling others to see it - to see you trusting - and therefore by the grace of God to believe that he can do that with us as well."