Rnacho Palos Verdes homeowners offered buyout due to landslide NBC Los Angeles [Video]

Rancho Palos Verdes homeowners in a neighborhood where shifting land damaged homes and roads are being offered a voluntary buyout by the Federal Emergency Management Agency and the California Governor’s Office of Emergency Services.

The $42 million program was announced Monday by the Rancho Palos Verdes City Council at a special town hall meeting in the Los Angeles County coastal community.

Homeowners in the Greater Portuguese Bend landslide area affected by shifting land underneath and around their homes are eligible for part of the buyout. FEMA allocated funding for the program as part of disaster declaration stemming from winter storms between Jan. 31 and Feb. 9.

Ancient landslides in the area have accelerated since 2023 after back-to-back heavy rain seasons. The shifting land has damaged homes, buckled roads and led to utility shutoffs for hundreds of residents.

“For the past two years, our residents have endured extraordinary hardships as a result of this landslide, with some facing the real prospect of losing their homes entirely,” said Rancho Palos …