diff --git a/src/__phutil_library_map__.php b/src/__phutil_library_map__.php
--- a/src/__phutil_library_map__.php
+++ b/src/__phutil_library_map__.php
@@ -2859,6 +2859,7 @@
     'PhabricatorProjectMemberOfProjectEdgeType' => 'applications/project/edge/PhabricatorProjectMemberOfProjectEdgeType.php',
     'PhabricatorProjectMembersDatasource' => 'applications/project/typeahead/PhabricatorProjectMembersDatasource.php',
     'PhabricatorProjectMembersEditController' => 'applications/project/controller/PhabricatorProjectMembersEditController.php',
+    'PhabricatorProjectMembersPolicyRule' => 'applications/project/policyrule/PhabricatorProjectMembersPolicyRule.php',
     'PhabricatorProjectMembersRemoveController' => 'applications/project/controller/PhabricatorProjectMembersRemoveController.php',
     'PhabricatorProjectMoveController' => 'applications/project/controller/PhabricatorProjectMoveController.php',
     'PhabricatorProjectNoProjectsDatasource' => 'applications/project/typeahead/PhabricatorProjectNoProjectsDatasource.php',
@@ -7195,6 +7196,7 @@
     'PhabricatorProjectMemberOfProjectEdgeType' => 'PhabricatorEdgeType',
     'PhabricatorProjectMembersDatasource' => 'PhabricatorTypeaheadCompositeDatasource',
     'PhabricatorProjectMembersEditController' => 'PhabricatorProjectController',
+    'PhabricatorProjectMembersPolicyRule' => 'PhabricatorPolicyRule',
     'PhabricatorProjectMembersRemoveController' => 'PhabricatorProjectController',
     'PhabricatorProjectMoveController' => 'PhabricatorProjectController',
     'PhabricatorProjectNoProjectsDatasource' => 'PhabricatorTypeaheadDatasource',
diff --git a/src/applications/policy/filter/PhabricatorPolicyFilter.php b/src/applications/policy/filter/PhabricatorPolicyFilter.php
--- a/src/applications/policy/filter/PhabricatorPolicyFilter.php
+++ b/src/applications/policy/filter/PhabricatorPolicyFilter.php
@@ -608,6 +608,11 @@
 
     $rules = PhabricatorPolicyQuery::getObjectPolicyRules(null);
 
+    // Make sure we have clean, empty policy rule objects.
+    foreach ($rules as $key => $rule) {
+      $rules[$key] = clone $rule;
+    }
+
     $results = array();
     foreach ($map as $key => $object_list) {
       $rule = idx($rules, $key);
diff --git a/src/applications/project/__tests__/PhabricatorProjectCoreTestCase.php b/src/applications/project/__tests__/PhabricatorProjectCoreTestCase.php
--- a/src/applications/project/__tests__/PhabricatorProjectCoreTestCase.php
+++ b/src/applications/project/__tests__/PhabricatorProjectCoreTestCase.php
@@ -287,7 +287,6 @@
 
     // In this second case, set the name first and then the slugs separately.
     $name2 = 'slugproject2';
-
     $xactions = array();
 
     $xactions[] = id(new PhabricatorProjectTransaction())
@@ -396,6 +395,51 @@
     $this->assertTrue((bool)$caught);
   }
 
+  public function testProjectMembersVisibility() {
+    // This is primarily testing that you can create a project and set the
+    // visibility or edit policy to "Project Members" immediately.
+
+    $user1 = $this->createUser();
+    $user1->save();
+
+    $user2 = $this->createUser();
+    $user2->save();
+
+    $project = PhabricatorProject::initializeNewProject($user1);
+    $name = pht('Test Project %d', mt_rand());
+
+    $xactions = array();
+
+    $xactions[] = id(new PhabricatorProjectTransaction())
+      ->setTransactionType(PhabricatorProjectTransaction::TYPE_NAME)
+      ->setNewValue($name);
+
+    $xactions[] = id(new PhabricatorProjectTransaction())
+      ->setTransactionType(PhabricatorTransactions::TYPE_VIEW_POLICY)
+      ->setNewValue(
+        id(new PhabricatorProjectMembersPolicyRule())
+          ->getObjectPolicyFullKey());
+
+    $edge_type = PhabricatorProjectProjectHasMemberEdgeType::EDGECONST;
+
+    $xactions[] = id(new PhabricatorProjectTransaction())
+      ->setTransactionType(PhabricatorTransactions::TYPE_EDGE)
+      ->setMetadataValue('edge:type', $edge_type)
+      ->setNewValue(
+        array(
+          '=' => array($user1->getPHID() => $user1->getPHID()),
+        ));
+
+    $this->applyTransactions($project, $user1, $xactions);
+
+    $this->assertTrue((bool)$this->refreshProject($project, $user1));
+    $this->assertFalse((bool)$this->refreshProject($project, $user2));
+
+    $this->leaveProject($project, $user1);
+
+    $this->assertFalse((bool)$this->refreshProject($project, $user1));
+  }
+
   public function testParentProject() {
     $user = $this->createUser();
     $user->save();
diff --git a/src/applications/project/editor/PhabricatorProjectTransactionEditor.php b/src/applications/project/editor/PhabricatorProjectTransactionEditor.php
--- a/src/applications/project/editor/PhabricatorProjectTransactionEditor.php
+++ b/src/applications/project/editor/PhabricatorProjectTransactionEditor.php
@@ -692,4 +692,53 @@
     return $slugs;
   }
 
+  protected function adjustObjectForPolicyChecks(
+    PhabricatorLiskDAO $object,
+    array $xactions) {
+
+    $copy = parent::adjustObjectForPolicyChecks($object, $xactions);
+
+    $type_edge = PhabricatorTransactions::TYPE_EDGE;
+    $edgetype_member = PhabricatorProjectProjectHasMemberEdgeType::EDGECONST;
+
+    $member_xaction = null;
+    foreach ($xactions as $xaction) {
+      if ($xaction->getTransactionType() !== $type_edge) {
+        continue;
+      }
+
+      $edgetype = $xaction->getMetadataValue('edge:type');
+      if ($edgetype !== $edgetype_member) {
+        continue;
+      }
+
+      $member_xaction = $xaction;
+    }
+
+    if ($member_xaction) {
+      $object_phid = $object->getPHID();
+
+      if ($object_phid) {
+        $members = PhabricatorEdgeQuery::loadDestinationPHIDs(
+          $object_phid,
+          PhabricatorProjectProjectHasMemberEdgeType::EDGECONST);
+      } else {
+        $members = array();
+      }
+
+      $clone_xaction = clone $member_xaction;
+      $hint = $this->getPHIDTransactionNewValue($clone_xaction, $members);
+      $rule = new PhabricatorProjectMembersPolicyRule();
+
+      $hint = array_fuse($hint);
+
+      PhabricatorPolicyRule::passTransactionHintToRule(
+        $copy,
+        $rule,
+        $hint);
+    }
+
+    return $copy;
+  }
+
 }
diff --git a/src/applications/project/policyrule/PhabricatorProjectMembersPolicyRule.php b/src/applications/project/policyrule/PhabricatorProjectMembersPolicyRule.php
new file mode 100644
--- /dev/null
+++ b/src/applications/project/policyrule/PhabricatorProjectMembersPolicyRule.php
@@ -0,0 +1,97 @@
+<?php
+
+final class PhabricatorProjectMembersPolicyRule extends PhabricatorPolicyRule {
+
+  private $memberships = array();
+
+  public function getRuleDescription() {
+    return pht('members of project');
+  }
+
+  public function willApplyRules(
+    PhabricatorUser $viewer,
+    array $values,
+    array $objects) {
+
+    $viewer_phid = $viewer->getPHID();
+    if (!$viewer_phid) {
+      return;
+    }
+
+    if (empty($this->memberships[$viewer_phid])) {
+      $this->memberships[$viewer_phid] = array();
+    }
+
+    foreach ($objects as $key => $object) {
+      $cache = $this->getTransactionHint($object);
+      if ($cache === null) {
+        continue;
+      }
+
+      unset($objects[$key]);
+
+      if (isset($cache[$viewer_phid])) {
+        $this->memberships[$viewer_phid][$object->getPHID()] = true;
+      }
+    }
+
+    if (!$objects) {
+      return;
+    }
+
+    $object_phids = mpull($objects, 'getPHID');
+    $edge_query = id(new PhabricatorEdgeQuery())
+      ->withSourcePHIDs(array($viewer_phid))
+      ->withDestinationPHIDs($object_phids)
+      ->withEdgeTypes(
+        array(
+          PhabricatorProjectMemberOfProjectEdgeType::EDGECONST,
+        ));
+    $edge_query->execute();
+
+    $memberships = $edge_query->getDestinationPHIDs();
+    if (!$memberships) {
+      return;
+    }
+
+    $this->memberships[$viewer_phid] += array_fill_keys($memberships, true);
+  }
+
+  public function applyRule(
+    PhabricatorUser $viewer,
+    $value,
+    PhabricatorPolicyInterface $object) {
+    $viewer_phid = $viewer->getPHID();
+    if (!$viewer_phid) {
+      return false;
+    }
+
+    $memberships = idx($this->memberships, $viewer_phid);
+    return isset($memberships[$object->getPHID()]);
+  }
+
+  public function getValueControlType() {
+    return self::CONTROL_TYPE_NONE;
+  }
+
+  public function canApplyToObject(PhabricatorPolicyInterface $object) {
+    return ($object instanceof PhabricatorProject);
+  }
+
+  public function getObjectPolicyKey() {
+    return 'project.members';
+  }
+
+  public function getObjectPolicyName() {
+    return pht('Project Members');
+  }
+
+  public function getObjectPolicyIcon() {
+    return 'fa-users';
+  }
+
+  public function getPolicyExplanation() {
+    return pht('Project members can take this action.');
+  }
+
+}
diff --git a/src/applications/project/query/PhabricatorProjectQuery.php b/src/applications/project/query/PhabricatorProjectQuery.php
--- a/src/applications/project/query/PhabricatorProjectQuery.php
+++ b/src/applications/project/query/PhabricatorProjectQuery.php
@@ -95,10 +95,6 @@
     return $this;
   }
 
-  public function getProperty() {
-    return $this->property;
-  }
-
   public function withDepthBetween($min, $max) {
     $this->minDepth = $min;
     $this->maxDepth = $max;