2.3.2.2. Area, City, and Neighborhood Data. This data (mostly demographic and economic) must be kept to an absolute minimum and should only include information that directly affects the subject property, together with the appraiser’s conclusions as to significant trends. The use of “boilerplate” demographic and economic data is unnecessary and, unless the appraiser demonstrates that the specific data directly impacts the current market value of the subject property, it should be excluded. 

Changes in the neighborhood brought about by the government’s project for which the property under appraisal is being acquired shall be disregarded. This specific Standard is contrary to USPAP Standards Rule 1-4(f) and is considered a jurisdictional exception. See Section 4.5 (Project Influence) for a discussion of the legal basis for this specific Standard.