Poet in residence with a redhead (5)
I believe the answer is:
homer
'poet' is the definition.
(I know that Homer is a poet)
'residence with a redhead' is the wordplay.
'residence' becomes 'home' (home is a kind of residence).
'with' says to put letters next to each other.
'a redhead' becomes 'r' (head letter of 'red').
'home'+'r'='HOMER'
'in' acts as a link.
(Other definitions for homer that I've seen before include "Trained pigeon" , "makes round trip by air" , "Cartoon father of Bart and Lisa" , "returning flier" , "addition to the score?" .)