# Prof. Lawrence White on Extell Development’s affordable housing controversy in NYC

1 Faculty News June 26, 2014 ![](/sites/default/files/styles/246w/public/assets/images/con_033301.jpg?itok=Zeg71bZi)>

Excerpt from [The Villager](http://thevillager.com/2014/06/26/extell-l-e-s-project-blasted-as-segregation/) -- "Affordable housing’s presence in the same building would not likely affect the ability of a condo buyer to secure a mortgage, according to [Lawrence J. White](http://www.stern.nyu.edu/faculty/bio/lawrence-white), an N.Y.U. economics professor and expert on the mortgage industry. 'It seems odd that Fannie would not buy an individual mortgage loan from an originator by an otherwise perfectly suitable borrower who had all the requisite conditions,' he said in a phone interview."

[Read more](http://thevillager.com/2014/06/26/extell-l-e-s-project-blasted-as-segregation/)