Native American Housing Assistance and Self-Determination Act Amendments of 1997

Native American Housing Assistance and Self-Determination Act Amendments of 1997 - Makes amendments to the Native American Housing Assistance and Self-Determination Act of 1996 (NAHASDA), including: (1) setting a time limitation on the authority of the Secretary of Housing and Urban Development to waive plan requirements under certain conditions; (2) setting forth a requirement for assistance to Indian families that are not low-income and eliminating separate Indian housing plan requirements for small Indian tribes; (3) expanding the authority of the Secretary to review Indian housing plans; (4) revising requirements regarding tenant selection to require the inclusion of homebuyer selection policies and criteria; (5) revising provisions regarding review and audit by the Secretary; (6) prescribing an adjustment to the allocation formula if any housing authority received no modernization funding and partial or no operating assistance during FY 1996; (7) excepting from the hearing requirement certain actions by the Secretary affecting grant amounts if the Secretary makes a determination that the failure of a recipient of assistance to comply substantially with any material provision of the Act is resulting, and would continue to result, in an unauthorized expenditure of Federal funds; (8) revising requirements regarding noncompliance by recipients because of technical incapacity to permit the provision of technical assistance to a recipient only under specified conditions, including that the recipient enter into a certain performance agreement; (9) requiring that Indian housing plans, policies, waiting lists, and annual reports be made available publicly; (10) replacing a tribally designated housing entity due to noncompliance; (11) repealing certification of compliance with subsidy layering requirements; and (12) revising tax exemption provisions.

Amends the Housing and Community Development Act of 1992, the Cranston-Gonzalez National Affordable Housing Act, and the Public and Assisted Housing Drug Elimination Act of 1990 to make additional amendments to current law concerning Indian housing.