New names it provides for the residents (7)
I believe the answer is:
inmates
'for the residents' is the definition.
(inmate is a kind of resident)
'new names it' is the wordplay.
'new' is an anagram indicator.
'names'+'it'='namesit'
'namesit' anagrammed gives 'INMATES'.
'provides' is the link.
(Other definitions for inmates that I've seen before include "Ties man (anag.)" , "Prisoners" , "Inhabitants" .)