Popular Nonprofit D.C. Day-Care Center Spared Closure

A nonprofit Washington day-care center that caters to the kids of lawyers, journalists, and White House staff members has won a reprieve after the nation’s new financial-regulation law threatened its closure, says The Washington Post.

Small Savers will be allowed to remain in the space it has occupied rent-free for 24 years in the basement of a downtown office building occupied by the Office of Thrift Supervision. The agency, which regulates savings and loans, is to be phased out under the financial-regulation law and its assets dissolved, which put the day-care center on the path to eviction.

Following a lobbying effort by parents, the Office of the Comptroller of the Currency, which will take control of the G Street building in July, offered to let Small Savers stay in its basement space.

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