Contents of housing estate giving no latitude for detective (5)

I believe the answer is:

homes

I'm a little stuck... Click here to teach me more about this clue!

'contents of housing' is the definition.
'homes' can be an answer for 'housing' (thesaurus). I am unsure of the 'contents of' bit.

I cannot understand how the rest of the clue works.

Can you help me to learn more?

(Other definitions for homes that I've seen before include "Dwellings, houses" , "accommodation" , "Domiciles" , "Dwelling-places" , "Dwellings, abodes" .)

I've seen this clue in The Independent.

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