A bill to encourage the development of shared housing.

Amends the Housing and Community Development Act of 1974, the United States Housing Act of 1937, the Housing Act of 1964, and the Housing Act of 1949 to: (1) direct the Secretary of Housing and Urban Development and the Secretary of Agriculture to provide assistance to encourage the development of housing units in which elderly families share facilities; and (2) authorize the Secretary of Housing and Urban Development to issue special property standards for such shared housing.