This doesn't really when the CLI tool needs to access any data in your /home. There isn't a straightforward way using standard POSIX tools to share a directory with another user. (Of course it's possible, but it's not easy.)
If you want to share specific directories, you can just put the shared directory in a common location, set it to be owned by some group, and make both users a member of that group. I don't see anything not-straightforward in there?
* chmod lets you share with everyone
* addgroup and chown let you share with a specific group of users.
Your private SSH keys? Your browser’s cookie jar? Your tax reports?