Otay Ranch Village 5 has experienced demographic changes over the past decade. The population has remained relatively stable, fluctuating between 8,400 and 8,900 residents. The median income has increased significantly, rising from $102,012 in 2013 to $121,651 in 2022, indicating an overall improvement in the economic status of the neighborhood's residents.

Racial demographics in the area have also shifted. The Hispanic population has grown from 45% in 2013 to 53% in 2022, becoming the majority. The Asian population has decreased from 30% to 21%, while the Black population has increased from 5% to 10%. The White population has remained relatively stable at around 11-13%.

Despite these demographic changes, no new LIHTC projects have been developed in the last decade. This lack of development may be attributed to the rising median income, which could have reduced the perceived need for additional affordable housing in the area.

Otay Ranch Village 5 contains one LIHTC-funded affordable housing project, Teresina At Lomas Verdes, which has served the community since 1999. This project provides 91 affordable units, representing a small percentage of the neighborhood's estimated housing stock. The neighborhood has undergone demographic shifts over the past decade, including an increase in median income and changes in racial composition. These factors, particularly the rising income levels, may have influenced the absence of new LIHTC developments in recent years. It is important to note that other affordable housing programs not captured in this data may also be contributing to meeting the community's housing needs.