Okla. Stat. tit. 62, § 62-883: Purpose

It is hereby declared to be the purpose of the Oklahoma Housing

Reinvestment Program Act to encourage reinvestment in housing in

those areas of this state for which a demonstrated need for housing

exists but is not met through existing public and private efforts by

authorizing local governmental entities to provide abatement of ad

valorem taxes during the first years after new or remodeled housing

construction.