This definition, from the Cohousing Association of the United States, says it well:

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Cohousing is an intentional, collaborative neighborhood that combines private homes with shared indoor and outdoor spaces designed to support an active and interdependent community life. Cohousing is not a financial or legal model, but rather a descriptive term that emphasizes the active participation of residents in everything from design to governance.

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It is community intentionally designed with ample common spaces surrounded by private homes. Collaborative spaces typically include a common house with a large kitchen and dining room, laundry, and recreational areas and outdoor walkways, open space, gardens, and parking. Neighbors use these spaces to play together, cook for one another, share tools, and work collaboratively. Common property is managed and maintained by community members, providing even more opportunities for growing relationships.

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If this concept is new to you, you can learn more about it here. They offer many different models for organizing a community. Here at Pinnacle Cohousing, we intend to build a community from a group of old and new friends on 115 acres in Lyme, NH.