Question on sub-domains with CI and sharing resources

[eluser]Unknown[/eluser]
Hello,

I have a site which is going to need a sub-domain that is also running a CI application. Both will be sharing one system folder and that's all good! But I was wondering if it were possible to have both these applications sharing a few Views? Both these sites would have their own separate application folders.

Is it possible to access views outside of your application folder? Or is their a better way to go about this?

Thanks for the help