Established in 2002, the Community Development Corporation Fund accounts for revenues and expenditures associated with the Northlake Community Development Sales Tax. The Northlake Community Development Corporation (Type B) Fund administers a half-cent sales tax (on top of the state sales tax rate) to enhance development within or near its jurisdiction more broadly. Type B Economic Development Corporations (EDC), unlike Type A EDCs, can fund initiatives and projects related to community development, such as land, buildings, equipment, facilities, expenditures, and improvements for professional and amateur sports facilities, park facilities, and events, entertainment and tourist facilities, affordable housing, and the development of water supply facilities or water conservation programs.