Jay Z will be the first rapper inducted into the Songwriters Hall of Fame

Babyface, Jimmy Jam and Terry Lewis will also be inducted.

The artists will receive the honor at the organization's 48th Annual Induction and Awards dinner on June 15 in New York City.

Jay Z will be the first rapper to be inducted.

"With our 2017 roster of inductees, the Songwriters Hall of Fame moves definitively into recognizing music creators of the 21st century while continuing to honor the greats of earlier decades," said songwriters Hall of Fame co-chairs Kenneth Gamble and Leon Huff and president Linda Moran in a statement.

The statement adds, "The combination of contemporary sounds and timeless hits of the past is certain to make for an unforgettable evening."

The Songwriter's Hall of Fame requires that artists have at least 20 years of writing credits before they can be inducted. Jay Z released his debut album "Reasonable Doubt" in 1996.

ABC News' William Gretsky contributed to this report.