This report is an interim output commissioned by the Melbourne City Mission with the support of City of Melbourne and Resilient Melbourne. It aims to evaluate the costs and benefits of the Melbourne Apartments Project (MAP), a 34-unit apartment in North Melbourne. The report highlights the costs and benefits associated with current public housing tenants moving out of public housing and into affordable homeownership in the MAP. The report summarizes current housing policy settings and identifies recurring rhetoric encouraging homeownership before presenting a summary of existing research on the costs and benefits of secure housing.