Former banker and housing association chief executive Peter Denton has now been officially confirmed as the new chief executive of Homes England.

Peter Denton, chief executive of Hyde Group, will take over at the helm of the agency later this year, with responsibility for adminstering a new £11.5bn Affordable Homes Programme and a stake of around £14bn in homes acquired through the Help to Buy.

Denton (pictured) will be tasked with leading what housing secretary Robert Jenrick has this week called an “important reset” of the agency’s function, focusing more on regeneration.

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