By Rhett Morgan Tulsa WorldTULSA — Affordability should be a driver for multifamily residential projects in downtown Tulsa, a developer told an urban renewal board Thursday. Bob Jack is a partner in the Y Lofts, a $9 million conversion of the former downtown YMCA building into apartments by Brickhugger LLC. During a Tulsa Development Authority meeting Thursday, Jack updated the progress of the Y Lofts, saying about 83 applications for its 79 units have been received and 15-20 leases have been signed. The first residents are scheduled to move in the second or third week of January, he said. The Y Lofts' price point, from about $1 to $1.40 per square foot, has kept sales brisk, Jack said. "We're seeing the people that are in that $25,000, $35,000, 40,000 (annual) wage range," Jack said, they can't afford a $1,000, $2,000 apartment.Read more on NewsOK.com