Lutsk won first place in the all-Ukrainian competition for the best local innovative projects for the presented project "Creation of a financial and credit system for the modernization and development of the housing stock," as well as the largest grant in the amount of 619 thousand hryvnias. This was reported by the press service of the Lutsk City Council. The project "Creation of a financial and credit system for the modernization and development of the housing stock" is intended to form within the territory of local self-government a self-sufficient, stably functioning financial and credit system for the modernization and development of housing and communal services, involving external credit and investment resources, local budget funds, and funds from the population. As reported by the city council's press service, the first stage of the pilot project "Creation of a financial and credit system" is the modernization of Lutsk's housing stock. By means of electronic sensors installed on in-building networks, it is possible to monitor and manage not only the quantity but also the quality of services, with corresponding regulation of payment for them. This will also make it possible to detect emergency situations in real time and promptly eliminate them. The second stage is, properly speaking, the creation of financial schemes, that is, a credit fund. As a result, the project should fundamentally change the scheme of relations between service providers. The received grant will be directed toward providing the technical part of the project's implementation.