UVU?

So, you may have heard that Utah Valley State College received their biggest wish to become a University. In an attempt to find out what consequences this will have for the students and teacher I visited their website.
Having attended the school I do not suggest that they are undeserving of the honor, but this quote from their website is a little conflicting to the privilege;
“With UVSC becoming a university, do's this mean that there will also be some on-campus housing available for students moving too Utah County?”