Check local zoning laws to see if this is a possibility in your neighborhood. Retirement villages are designed exclusively for retired people to provide housing, recreational facilities and health care. The majority are sponsored by religious organizations. Condominiums are apartments, townhouses or detached dwellings owned by the buyer with partial ownership of shared areas. In condominium living, you must be willing to accept rules set by an elected board of directors.
Cooperative housing is another form of shared ownership.
Housing cooperatives are non-profit corporations that own and operate living facilities for the benefit of the occupants. Co-op membership is composed of people who buy shares in the corporation in exchange for the right to occupy a specific living unit. Congregate living is a program designed to serve elderly who are at high risk of institutionalization and are no longer able to live alone. This HUD program is meant to provide meals and supportive services to frail or impaired elderly, nonelderly, handicapped or temporarily disabled residents in need of such services. These are usually administered by public housing agencies.