Freeman is known for his work to regenerate Kings Cross; as chair, he will aim to drive the delivery of homes and infrastructure to support economic recovery, while protecting 2.3 million construction jobs.
The decision to appoint Freeman is subject to a pre-appointment scrutiny committee hearing with the Housing, Communities and Local Government Select Committee in October.
Should he be successful, Freeman will serve a three-year term.
Housing Secretary Robert Jenrick MP said: “As the visionary behind the revival of Kings Cross, Peter has a track record of world-class regeneration and it is this along with his drive to create places people want to live that makes him a superb candidate to support our ambitious housing agenda.
“We will work closely on our shared goal to deliver more homes, of high-quality design and environmental standards, with green spaces and new parks close at hand and tree lined streets are the norm – all as part of creating communities that people want to be a part of.
Freeman added: “Homes England has a vital role to play in improving the lives of all those affected by the housing crisis.
“If appointed, and working closely with government, I believe we can, and must, deliver on the promise to provide homes to allow all to experience a better quality of life.
“The key is not only in building the necessary quantity, quality and variety of housing, but in creating homes where people can enjoy a real sense of belonging to vibrant communities.”
