Southern California

California, FEMA Offer $42 Million to Buy Out Rancho Palos Verdes Landslide Homes

The program offers to pay 75 percent of fair market value for homes damaged by a landslide.
California, FEMA Offer $42 Million to Buy Out Rancho Palos Verdes Landslide Homes
A home damaged by land movement in Rancho Palos Verdes, Calif., on Sept. 3, 2024. Mario Tama/Getty Images
Jill McLaughlin
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Local, state, and federal officials announced on Oct. 28 a $42 million voluntary home buyout program for hundreds of Rancho Palos Verdes residents who are slowly losing their homes to a fast-moving landslide.

The voluntary buyout program for property owners in the Greater Portuguese Bend landslide area is meant to help homeowners relocate by offering them a percentage of fair market value for their properties based on predisaster appraisals of Dec. 1, 2022, the city reported on Monday.

Jill McLaughlin
Jill McLaughlin
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Jill McLaughlin is an award-winning journalist covering politics, environment, and statewide issues. She has been a reporter and editor for newspapers in Oregon, Nevada, and New Mexico. Jill was born in Yosemite National Park and enjoys the majestic outdoors, traveling, golfing, and hiking.