Opportunity Overview
St. David’s Foundation has opened a 2026 Housing + Health capital funding opportunity designed to expand and preserve safe, healthy, affordable multi-family rental housing in Central Texas. The Foundation is using housing as a health strategy, with an emphasis on projects that improve health and safety conditions, preserve affordability, and give residents a meaningful role in decisions affecting their housing community.
Funding
The Foundation expects to award up to $8 million through this open call. Each selected project will receive a one-time flexible capital grant, with a published expected maximum of $750,000 per project. Applicants propose the request amount and capital budget; final awards depend on project scale, expected long-term impact, and organizational budget.
Who Can Apply
Eligible applicants are either 501(c)(3) tax-exempt organizations located and operating in Bastrop, Caldwell, Hays, Travis, or Williamson counties, or public/government entities located in and serving rural Central Texas communities within those five counties. A valid IRS determination letter is required with the LOI for nonprofit applicants.
Existing St. David’s Foundation grantees may apply. Multiple LOIs are allowed, but each LOI must represent a distinct project at a separate address.
Eligible Project Types
The proposed property must predominantly serve households at or below 50% of Area Median Income; the Foundation’s FY2026 example is $67,200 for a family of four. More than half of project units must be restricted to households below that threshold.
Projects must provide multi-family rental housing in which residents have a lock and lease. Congregate shelter housing and single-family owner-occupied housing are not eligible.
Funding supports two principal project types:
- Final-mile new construction where land and permits are already secured, buildings are dried-in, and a Certificate of Occupancy is expected by September 2027.
- Improvements to established affordable housing that extend property life, improve affordability, or address health and safety risks such as energy-efficiency needs, extreme-weather protection, mold, or other unsafe conditions.
Resident-Led Health Design
St. David’s Foundation gives priority to projects that meaningfully involve residents in decisions about property features, management, amenities, and other housing conditions affecting safety, accessibility, health, and wellness. Applicants should document how residents will shape the project rather than treating engagement as a purely advisory step.
Application Timeline
The open call began August 26, 2026. The required Letter of Intent deadline passed September 10, 2026 at 5:00 PM Central Time, so the opportunity is now closed to new applicants. Organizations that submitted a timely LOI should monitor for the Foundation’s September 17 invitation decision. Applicants invited to the second stage will be notified by September 17, and invited full applications are due October 15, 2026 at 5:00 PM Central Time. Funding decisions are expected in December 2026.
Atlas Analysis
Atlas Opportunity Score: 93/100. This is a high-value Central Texas capital opportunity with up to $8 million available and a strong health-related social-determinants rationale. The September 10 LOI deadline has passed, so new applicants can no longer enter this cycle; only organizations invited after the LOI review remain actionable for the October 15 full-application stage.
N9+ Direct Vendor Fit: 0/100. The verified opportunity is affordable-housing capital funding and does not establish a connected-clinical-equipment, telehealth, or direct healthcare technology procurement pathway. QC Healthcare Fit: 0/100. The program does not fund outsourced physician staffing or clinical coverage.
Next Action
Confirm five-county geographic eligibility, nonprofit or qualifying rural public-entity status, the property’s income-restriction profile, and that the project is either final-mile construction or an eligible established-property improvement. Do not submit a late LOI. Organizations that submitted a timely LOI should monitor for the September 17 invitation decision; if invited, finalize the project-specific capital budget and resident-engagement strategy and submit the full application through Giving Data by October 15, 2026 at 5:00 PM CT. Paper copies and emailed submissions are not accepted.
Verified source: St. David’s Foundation 2026 Housing + Health: Completing and Improving Affordable Housing funding opportunity; verified September 10, 2026.