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.